Hope for Youth

Analysis

Hope for Youth is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1992, 34 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 August 2023, Hope for Youth reported income of $234k and spending of $251k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $217k to $234k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to August 2022, when income rose by 44%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope for Youth sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Shoreline Sports Foundation ($234k), Strong Center Incorporated ($234k) and Tommy Bohanon Foundation Inc ($234k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $76k. At year end it held assets of $39k against liabilities of $2,000, net assets of $37k. It reported 8 employees.