Hope Alzheimers Center

Analysis

Hope Alzheimers Center is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in January 1995, 31 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 2023, Hope Alzheimers Center reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Alzheimers Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within RI. Charities of a similar size with the same main cause include The Poetry Project Limited ($1.1m), Pro-Bono Inc Servicos Voluntarios Del Colegio de Abogados ($1.1m) and Michael Gott International Evangelistic Ministries ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $84k (7.5% of expenses). Other salaries and wages came to $664k. At year end it held assets of $1.9m against liabilities of $65k, net assets of $1.8m. It reported 22 employees.