Fort Worth Hope Center

Analysis

Fort Worth Hope Center is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in November 2004, 22 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, Fort Worth Hope Center reported income of $7.2m and spending of $7.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $7.2m (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 129%. 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, Fort Worth Hope Center sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include International Institute of Buffalo Inc ($7.2m), Masonic Home for Children at Oxford ($7.2m) and Society of St Vincent de Paul Archdiocese of Chicago ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Other salaries and wages came to $234k. It paid $2,200 in professional fundraising fees. At year end it held assets of $607k against liabilities of $169k, net assets of $438k. It reported 9 employees.