Central Avenue Center of Hope Inc

Analysis

Central Avenue Center of Hope Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in April 2009, 17 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, Central Avenue Center of Hope Inc reported income of $112k and spending of $82k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $140k to $112k (-20%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Avenue Center of Hope Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within KS. Charities of a similar size with the same main cause include Lifespan of Greater Rochester Development Fund Inc ($112k), Kinship Place ($112k) and St Vincent de Paul Society-River Valley Conference ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $43k (52% of expenses). At year end it held assets of $580k against liabilities of $30k, net assets of $550k.