Hope in a Box Inc

Analysis

Hope in a Box Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 January 2024, Hope in a Box Inc reported income of $66k and spending of $164k, spending 248% of what it took in. Across the 4 years on record, from January 2021 to January 2024, income fell from $311k to $66k (-79%), an average of -40% a year. The sharpest change came in the year to January 2024, when income dropped by 56%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope in a Box Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include North Arkansas College Pioneer Club Inc ($66k), Tai Ji Men Qigong Academy ($66k) and Minadeo Extended Day Program ($66k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.