The Center for Hope and Healing Inc

Analysis

The Center for Hope and Healing Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, The Center for Hope and Healing Inc reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.6m (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Center for Hope and Healing Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Creativity Explored ($2.6m), Alliance Health Centers Inc ($2.6m) and Harold W McMillen Center for Health Education ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $153k (5.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.4m against liabilities of $871k, net assets of $2.5m. It reported 28 employees.