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Hope Gala Incorporated

Tax-deductible

Brooklyn, NY501(c)(3)Since 2015Human ServicesEIN 47-3131938Revenue $321K in FY2025

On file with the IRS146 McGuinness Blvd, 11222-6944 · Brooklyn, NYTax-exempt since Oct 2015Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $30K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$321K
+30% vs prior year
Spent
$294K
To programs
95%
Net assets
$28K
By yearFY2020–FY2025
Revenue
$321K
FY2025▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$73K
FY2021$166K
FY2022$305K
FY2023$224K
FY2024$246K
FY2025$321K
Expenses
$294K
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$172K
FY2022$310K
FY2023$222K
FY2024$253K
FY2025$294K
Net assets
$28K
FY2025▲ ×39
Tap a bar for its year
Net assets by fiscal year
FY2020$17K
FY2021$11K
FY2022$6K
FY2023$8K
FY2024$736
FY2025$28K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $280K Management & general 5% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Attached List
Of Board Members
$0Pt VII · Sec A
See Hope Gala Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Hope Gala Incorporated is a human services nonprofit based in Brooklyn, NY, formed in 2015.

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Provided by the organization

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1 program · $280K · in their own filed words · FY2024
01

The annual gala supports the fundraising efforts of the penn state university university dance marathon (thon). Proceeds benefit childhood cancer patients and their families in need of financial aid, medical assistance and emotional support at its penn state hershey childrens hospital.

$280Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
American Online Giving Foundation INCFY2024$25K
Kayne Anderson Capital Advisors FoundationFY2024$3K
Equitable Foundation INCFY2024$1K
Jpmorgan Chase FoundationFY2024$1K
Greenbaum Family Foundation INCFY2024$1K
Total grants receivedfrom 5 funders$30K
See all 5 funders →
Grants paid · 6 grants · $1.3M · 2019–2024
Penn State Dance MarathonFY2024$279,525
Penn State Dance MarathonFY2023$239,000
Penn State Dance MarathonFY2022$210,645
Penn State Dance MarathonFY2021$309,037
Penn State Dance Marathon (thon)FY2020$165,374
Penn State Dance Marathon (thon)FY2019$65,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$321K
Ln 12
Gifts and grantsLn 1h$404K
Money outPt IX
$294K
Ln 25
Programscol B$280K
Managementcol C$14K
Owns and owesPt X
$28K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$28K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$404K
Fundraising eventsLn 1c$225K
Total revenueLn 12$321K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Total assetsLn 16$28K
LiabilitiesLn 26$0
Net assetsLn 32$28K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$736$28K
Total assetsLn 16$736$28K
LiabilitiesLn 26$0$0
Net assetsLn 32$736$28K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$280K$280K
Accounting feesLn 11c$11K$0$11K$0
Office expensesLn 13$576$0$576$0
Other expenses (24a–d)Ln 24$2K$0$2K$0
Total functional expensesLn 25$294K$280K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $321K$294K$28K$28K 990 PDF
FY2024 $246K$253K−$7K$736 990 PDF
FY2023 $224K$222K$2K$8K 990 PDF
FY2022 $305K$310K−$5K$6K 990 PDF
FY2021 $166K$172K−$6K$11K 990 PDF
FY2020 $73K$69K$4K$17K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $321,328 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $306,459$404,467
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$59,965−$83,139
I-12 Total revenuePrior year $246,494$321,328
I-13 Grants and similar amounts paidPrior year $239,000$279,525
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $14,468$14,131
I-18 Total expensesPrior year $253,468$293,656
I-19 Revenue less expensesPrior year −$6,974$27,672
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $321,328 across 5 lines filed
VIII-1c Fundraising events$224,834
VIII-1f All other contributions, gifts and grants$179,633
VIII-1h Total contributions, gifts and grants$404,467
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$83,139−$83,139
VIII-12 Total revenueUnrelated business $0 · Excluded from tax −$83,139$321,328
Part IX · Statement of functional expenses $293,656 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $279,525$279,525
IX-11c Accounting feesPrograms $0 · Management $11,095 · Fundraising $0$11,095
IX-13 Office expensesPrograms $0 · Management $576 · Fundraising $0$576
IX-24 Other expenses (24a–d)Programs $0 · Management $2,460 · Fundraising $0$2,460
IX-25 Total functional expensesPrograms $279,525 · Management $14,131 · Fundraising $0$293,656
Part X · Balance sheet $28,408 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $736$28,408
X-16 Total assetsStart of year $736$28,408
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $736$28,408
X-32 Total net assets or fund balancesStart of year $736$28,408
X-33 Total liabilities and net assetsStart of year $736$28,408
Part XI · Reconciliation of net assets $28,408 net assets at year end
XI-1 Total revenue$321,328
XI-2 Total expenses$293,656
XI-3 Revenue less expenses$27,672
XI-4 Net assets at start of year$736
XI-10 Net assets at end of year$28,408

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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