Hike for Life Inc

Analysis

Hike for Life Inc is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in November 2014, 12 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, Hike for Life Inc reported income of $208k and spending of $231k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $208k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hike for Life Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Christs Chapel Share and Care Mission ($208k), Anderson House Pregnancy Resource Center ($208k) and Ignite Center ($208k).

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 $33k against liabilities of $0, net assets of $33k.