Hope for Kids Foundation

Analysis

Hope for Kids Foundation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hope for Kids Foundation reported income of $57k and spending of $1,260, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $57k (+14%), an average of +14% a year. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope for Kids Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Pleasanton Ag Boosters ($57k), Loma Vista School Parents Club ($57k) and Pathways Togo Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.