Project Hope of Marion County Inc

Analysis

Project Hope of Marion County Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Project Hope of Marion County Inc reported income of $913k and spending of $687k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $490k to $913k (+86%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Hope of Marion County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Italian Senior Citizens Center Inc ($913k), Kefi Care Programs ($913k) and Regional Family YMCA of Laurel Highlands ($912k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $122k. At year end it held assets of $1.8m against liabilities of $107k, net assets of $1.7m. It reported 5 employees.