Project Hope for the Children Inc

Analysis

Project Hope for the Children Inc is a registered charity in United States, based in Fabius, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Hope for the Children Inc reported income of $75k and spending of $80k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $75k (-13%), an average of -14% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Hope for the Children Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Sadaqah 4 You ($75k), Thankful Ones ($75k) and Special Connections ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 39% of the total. At year end it held assets of $26k against liabilities of $3,103, net assets of $23k.