Hatching Hope

Analysis

Hatching Hope is a registered charity in United States, based in Alabaster, AL. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Hatching Hope reported income of $505k and spending of $447k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $245k to $505k (+106%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 93% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hatching Hope sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Union Cross Fire & Rescue of Forsyth Co Inc ($505k), Cranbury First Aid Squad Inc ($505k) and Albuquerque Regional Coalition for Healthcare Preparedness Arch-P ($505k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $66k (15% of expenses). Other salaries and wages came to $110k. At year end it held assets of $198k against liabilities of $0, net assets of $198k. It reported 6 employees.