Hope Psychological Services Inc

Analysis

Hope Psychological Services Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hope Psychological Services Inc reported income of $242k and spending of $212k, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $217k to $242k (+12%), an average of +2.3% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Psychological Services Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Sun City Foundation ($242k), Flaming Pine Youth Camp ($242k) and 100 Black Men of South Metro Inc ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $75k (35% of expenses). Other salaries and wages came to $83k. At year end it held assets of $72k against liabilities of $37k, net assets of $35k. It reported 5 employees.