Center of Hope Family Services Inc

Analysis

Center of Hope Family Services Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 2007, 19 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, Center of Hope Family Services Inc reported income of $1.3m and spending of $1.4m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $865k to $1.3m (+46%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Hope Family Services Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Divine Community Services Inc ($1.3m), Hope Honoring Opportunities for Personal Empowerment ($1.3m) and South Dakota Cattlemens Foundation ($1.3m).

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 $150k (11% of expenses). Other salaries and wages came to $400k. At year end it held assets of $192k against liabilities of $174k, net assets of $18k. It reported 27 employees.