21 Hope Foundation Inc

Analysis

21 Hope Foundation Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in May 2020, 6 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, 21 Hope Foundation Inc reported income of $143k and spending of $238k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $143k (-94%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 126%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 21 Hope Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Burlington High School Alumni Scholarship Foundation ($143k), Centennial High School Orchestra Booster ($143k) and Loving Education at Home ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $15k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 1 employees.