People of Hope a New Jersey Non Profit Corporation

Analysis

People of Hope a New Jersey Non Profit Corporation is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, People of Hope a New Jersey Non Profit Corporation reported income of $420k and spending of $438k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $420k (+9.0%), an average of +2.2% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, People of Hope a New Jersey Non Profit Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include French Creek Valley Christian School Inc ($420k), Newton Historical Society Inc ($420k) and Improvisation Center of Boston Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $219k (50% of expenses). Other salaries and wages came to $55k. At year end it held assets of $281k against liabilities of $2,269, net assets of $279k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.