Hope Senior Center Inc

Analysis

Hope Senior Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1974, 52 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 June 2023, Hope Senior Center Inc reported income of $632k and spending of $630k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $576k to $632k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Senior Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Freedom Reigns Ranch ($632k), Daytime Enrichment Activities & Recreation Inc ($632k) and Hill Top Heritage Foundations Gordon Hoffner ($632k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (9.5% of expenses). Other salaries and wages came to $167k. At year end it held assets of $121k against liabilities of $67k, net assets of $54k. It reported 8 employees.