Hopes Chariot Inc

Analysis

Hopes Chariot Inc is a registered charity in United States, based in Cedarburg, WI. It received its IRS tax-exemption ruling in March 2018, 8 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, Hopes Chariot Inc reported income of $277k and spending of $256k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $277k (+448%), an average of +53% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Chariot Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Christian Heritage Educational Foundation ($277k), Fuller Life Institute ($277k) and Violence Prevention Center ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.