Eyob Hope for Children and Youth Inc

Analysis

Eyob Hope for Children and Youth Inc is a registered charity in United States, based in Castaic, CA. It received its IRS tax-exemption ruling in February 2022, 4 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, Eyob Hope for Children and Youth Inc reported income of $204k and spending of $84k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $204k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 43% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Eyob Hope for Children and Youth Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Georgia Stars Basketball Inc ($203k), Little League Baseball Inc ($204k) and Sebastopol Sea Serpents ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $189k against liabilities of $0, net assets of $189k.