Chelan Valley Hope

Analysis

Chelan Valley Hope is a registered charity in United States, based in Chelan, WA. It received its IRS tax-exemption ruling in May 2010, 16 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, Chelan Valley Hope reported income of $509k and spending of $519k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $260k to $509k (+96%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chelan Valley Hope sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Family Service Association of Sheboygan Inc ($509k), Continuum Education and Therapy ($509k) and Early Life Academy ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $66k (13% of expenses). It paid $21k in professional fundraising fees. At year end it held assets of $976k against liabilities of $3,336, net assets of $972k. It reported 9 employees.