Hope for Youth Inc

Analysis

Hope for Youth Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hope for Youth Inc reported income of $4.5m and spending of $3.4m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.5m (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Youth Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Matthews Hope Ministries Inc ($4.5m), Homeless Solutions Coalition of Clackamas County Inc ($4.5m) and Texas Girls and Boys Ranch ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. Compensation of current officers, directors and key employees was $251k (7.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.1m against liabilities of $304k, net assets of $3.8m. It reported 76 employees.