Hope Christian Services

Analysis

Hope Christian Services is a registered charity in United States, based in Wyckoff, NJ. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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, Hope Christian Services reported income of $20.0m and spending of $20.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.0m to $20.0m (+18%), an average of +4.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Christian Services sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Southwestern Athletic Conference ($20.0m), Serv Achievement Centers Inc ($20.0m) and Wny Catholic Long Term Care Inc ($20.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $537k (2.7% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $19.1m against liabilities of $5.9m, net assets of $13.2m. It reported 347 employees.