Center for Hope

Analysis

Center for Hope is a registered charity in United States, based in Ambridge, PA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 for Hope reported income of $887k and spending of $936k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $887k (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Center for Hope sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Van Buren Youth Fair Assoc ($887k), Rockford Parent & Boosterorganizations ($888k) and Emmorton Recreation Council Inc ($887k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $52k (5.5% of expenses). Other salaries and wages came to $131k. At year end it held assets of $1.5m against liabilities of $16k, net assets of $1.5m. It reported 10 employees.

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.