Chariots4hope Inc

Analysis

Chariots4hope Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 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, Chariots4hope Inc reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $365k to $1.2m (+224%), an average of +26% a year. The sharpest change came in the year to December 2019, when income rose by 82%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chariots4hope Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Alma Backyard Farm ($1.2m), Najam Institute Foundation Inc ($1.2m) and Mizpah Assisted Living Services ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $78k (6.4% of expenses). Other salaries and wages came to $373k. At year end it held assets of $366k against liabilities of $187k, net assets of $179k. It reported 12 employees.