Hope for Youth Inc

Analysis

Hope for Youth Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope for Youth Inc reported income of $762k and spending of $630k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $455k to $762k (+68%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 65% 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 Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Sierra Hope ($762k), Raptors Athletics ($762k) and Ascent Soccer USA ($762k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $325k. At year end it held assets of $832k against liabilities of $25k, net assets of $807k. It reported 24 employees.