Center of Hope Foundation Inc

Analysis

Center of Hope Foundation Inc is a registered charity in United States, based in Manorville, NY. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center of Hope Foundation Inc reported income of $1.6m and spending of $126k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $1.6m (+246%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 293%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Hope Foundation Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Plant It Forward ($1.6m), Winchester After School Program ($1.6m) and Grow It Forward ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $2.0m against liabilities of $174k, net assets of $1.8m.