Hope for Tomorrow Child & Family Ministries

Analysis

Hope for Tomorrow Child & Family Ministries is a registered charity in United States, based in Blanket, TX. It received its IRS tax-exemption ruling in October 2021, 5 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 Tomorrow Child & Family Ministries reported income of $1.0m and spending of $1.1m, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $952k to $1.0m (+5.5%), an average of +5.5% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Tomorrow Child & Family Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Good Dads Inc ($1.0m), Angie Edwards Residential Services ($1.0m) and Cherokee Childrens Home Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $129k (11% of expenses). Other salaries and wages came to $360k. At year end it held assets of $135k against liabilities of $342k, net assets of -$207k. It reported 20 employees.