Char Hope Foundation Inc

Analysis

Char Hope Foundation Inc is a registered charity in United States, based in Pylesville, MD. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Char Hope Foundation Inc reported income of $532k and spending of $434k, spending 81% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $376k to $532k (+42%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 73%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Char Hope Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Augustheart ($532k), Nbia Disorders Association ($532k) and Cross Cultural Community Services ($532k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 16% of the total. Other salaries and wages came to $162k. At year end it held assets of $240k against liabilities of $80k, net assets of $160k. It reported 8 employees.