Childrens Hope Alliance

Analysis

Childrens Hope Alliance is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in November 2004, 22 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, Childrens Hope Alliance reported income of $18.0m and spending of $20.5m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.9m to $18.0m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2020, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Hope Alliance sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Regional Aid for Interim Needs Inc ($18.0m), Coastal Hospice Inc ($18.0m) and Hospice of Cleveland County Inc ($17.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 65% of the total. Other salaries and wages came to $7.0m. At year end it held assets of $32.6m against liabilities of $2.0m, net assets of $30.6m. It reported 169 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.