Street Hope Alive Inc

Analysis

Street Hope Alive Inc is a registered charity in United States, based in Boonton, NJ. It received its IRS tax-exemption ruling in December 2020, 6 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, Street Hope Alive Inc reported income of $106k and spending of $84k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $106k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Street Hope Alive Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Showered with Love ($106k), Lutheran Child and Family Services of Illinois Foundation ($106k) and We Care Project ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.