Hope for Children Foundation

Analysis

Hope for Children Foundation is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in April 2002, 24 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, Hope for Children Foundation reported income of $70k and spending of $287k, spending 408% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $92k to $70k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 152%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Children Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Muskingum County Hunger Network Inc ($70k), Greater St Louis Association of the Deaf ($70k) and Three Rivers Milo-Brownville Kiwanis Foundation ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $634k against liabilities of $0, net assets of $634k.