Center for Healing and Hope

Analysis

Center for Healing and Hope is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in October 2002, 24 years ago. 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, Center for Healing and Hope reported income of $2.7m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $2.7m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Healing and Hope sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Employment Development Inc ($2.7m), Survivor Empowerment Center Inc ($2.7m) and Family Crisis Center ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $91k (3.7% of expenses). Other salaries and wages came to $583k. At year end it held assets of $1.9m against liabilities of $298k, net assets of $1.6m. It reported 26 employees.