Childrens Hope Chest Inc

Analysis

Childrens Hope Chest Inc is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Childrens Hope Chest Inc reported income of $116k and spending of $118k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $294k to $116k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Childrens Hope Chest Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Faith Community Hospital Charitable Foundation ($116k), Zichron Shimshon Foundation Inc ($116k) and Rotary Club of Twin Falls Foundation Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $20k, net assets of $48k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.