Cradle of Hope Adoption Center Inc

Analysis

Cradle of Hope Adoption Center Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in October 1992, 34 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 September 2023, Cradle of Hope Adoption Center Inc reported income of $731k and spending of $540k, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $492k to $731k (+49%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 79%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cradle of Hope Adoption Center Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Italian Ministries USA ($731k), Tash ($732k) and Old Pine Community Center ($731k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $136k (25% of expenses). Other salaries and wages came to $136k. At year end it held assets of $1.8m against liabilities of $491k, net assets of $1.3m. It reported 11 employees.