Painters and Allied Trades for Childrens Hope Foundation

Analysis

Painters and Allied Trades for Childrens Hope Foundation is a registered charity in United States, based in Hanover, MD. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Painters and Allied Trades for Childrens Hope Foundation reported income of $686k and spending of $319k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $686k (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Painters and Allied Trades for Childrens Hope Foundation 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 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Alpha Delta Kappa Foundation Inc ($686k), Hearts & Homes for Youth Foundation Inc ($686k) and Cedar Falls Community Foundation Inc ($685k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $2.2m against liabilities of $32k, net assets of $2.1m.