Kings of Hope Inc

Analysis

Kings of Hope Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in June 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, Kings of Hope Inc reported income of $178k and spending of $173k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $164k to $178k (+8.7%), an average of +4.3% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kings of Hope Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Songs for Sound Inc ($178k), Camp Bluebird of West Michigan Inc ($178k) and Crittenton Youth Services ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.