A Pocket Full of Hope Inc

Analysis

A Pocket Full of Hope Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, A Pocket Full of Hope Inc reported income of $250k and spending of $148k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $250k (+240%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 352%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, A Pocket Full of Hope Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within OK. Charities of a similar size with the same main cause include Hope for Youth Inc ($250k), O League ($250k) and Velos Organization Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $673k against liabilities of $158k, net assets of $515k.