Hope Initiatives CDC Incorporated

Analysis

Hope Initiatives CDC Incorporated is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Hope Initiatives CDC Incorporated reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $1.1m (-5.7%), an average of -1.5% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Initiatives CDC Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include John Bremer & Ed Bremer Consolidated Trust ($1.1m), Pamlico Christian Academy Inc ($1.1m) and Reignite Hope ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $111k (10% of expenses). Other salaries and wages came to $302k. At year end it held assets of $559k against liabilities of $312k, net assets of $247k. It reported 19 employees.