Parental Hope Inc

Analysis

Parental Hope Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 2016, 10 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 June 2024, Parental Hope Inc reported income of $131k and spending of $66k, leaving 50% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $86k to $131k (+53%), an average of +53% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parental Hope Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Freedom Inn His Grace Ministry ($131k), Mara Housing Corporation ($131k) and Minors in Need of Resettlement Inc Minors ($131k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.