Center of Hope

Analysis

Center of Hope is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in August 2006, 20 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, Center of Hope reported income of $60k and spending of $71k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $60k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Hope sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within CO. Charities of a similar size with the same main cause include Oregon Cascades West Senior Services Foundation ($60k), Bread Inc ($60k) and Helping Hands of Celina Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.