Hope Community Outreach Servicesinc

Analysis

Hope Community Outreach Servicesinc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in March 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 December 2023, Hope Community Outreach Servicesinc reported income of $111k and spending of $141k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $111k (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Community Outreach Servicesinc 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 48th percentile within NJ. Charities of a similar size with the same main cause include Hero Hunt Inc ($111k), The Smallest Seed Inc ($111k) and Thetford After School Program Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $350k against liabilities of $0, net assets of $350k.