Circle of Living Hope Inc

Analysis

Circle of Living Hope Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Circle of Living Hope Inc reported income of $1.3m and spending of $1.6m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $1.3m (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Living Hope Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Lucy Idol Center Inc ($1.3m), Impact Hope ($1.3m) and Consumer Credit Counseling Service of Western North Carolina Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $250k (15% of expenses). Other salaries and wages came to $259k. At year end it held assets of $271k against liabilities of $175k, net assets of $96k. It reported 15 employees.