Hope United Community Development Corporation

Analysis

Hope United Community Development Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 United Community Development Corporation reported income of $94k and spending of $200k, spending 213% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $171k to $94k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 564%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope United Community Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Antinanco Earth Arts School ($94k), Stars Math & English Academy ($94k) and Big Sky Labor and Employment Institute LLC ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $30k (15% of expenses). At year end it held assets of $35k against liabilities of $2,209, net assets of $33k.