Nat King Cole Generation Hope Inc

Analysis

Nat King Cole Generation Hope Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nat King Cole Generation Hope Inc reported income of $348k and spending of $408k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $348k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nat King Cole Generation Hope Inc 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 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Wythe County Public Schools Foundation for Excellence Inc ($348k), High Plains Library District Friends & Foundation ($348k) and Brown Alumni Association ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (20% of expenses). Other salaries and wages came to $62k. At year end it held assets of $106k against liabilities of $6,477, net assets of $99k. It reported 4 employees.