Hope Valley Farm Inc

Analysis

Hope Valley Farm Inc is a registered charity in United States, based in Knoxville, MD. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Valley Farm Inc reported income of $59k and spending of $42k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $59k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 132% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Valley Farm Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Safe Events for Families ($59k), Dare to Dream Young Girls Network Inc ($59k) and Center for Community Arts ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $78k against liabilities of $35k, net assets of $42k.