Hope Community Services Inc

Analysis

Hope Community Services Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Hope Community Services Inc reported income of $4.0m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.0m (+88%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 237%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Community Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Wayne Center ($4.0m), Isf Advisors ($4.0m) and Society of St Vincent de Paul of Washington County Wisconsin Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $183k (4.5% of expenses). Other salaries and wages came to $576k. It paid $23k in professional fundraising fees. At year end it held assets of $5.3m against liabilities of $1.1m, net assets of $4.2m. It reported 39 employees.