Center for Hope and Safety Inc

Analysis

Center for Hope and Safety Inc is a registered charity in United States, based in Rochelle Park, NJ. It received its IRS tax-exemption ruling in February 1978, 48 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 for Hope and Safety Inc reported income of $4.1m and spending of $3.8m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $4.1m (+31%), an average of +9.3% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Hope and Safety Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Friendship Home of Lincoln ($4.1m), Metropolitan Children and Youth Inc ($4.1m) and Comprehensive Youth Development Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $247k (6.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.8m against liabilities of $535k, net assets of $5.2m. It reported 59 employees.