Greater Hope Foundation for Children

Analysis

Greater Hope Foundation for Children is a registered charity in United States, based in Barstow, CA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Greater Hope Foundation for Children reported income of $10.4m and spending of $10.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $10.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Hope Foundation for Children sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Aid to Adoption of Special Kids ($10.4m), Hunger Solutions New York Inc ($10.4m) and Alegria Community Living ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $930k (9.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $2.0m against liabilities of $991k, net assets of $1.0m. It reported 94 employees.