Hope Plaza Inc

Analysis

Hope Plaza Inc is a registered charity in United States, based in Phila, PA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Plaza Inc reported income of $1.1m and spending of $1.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+6.3%), an average of +1.5% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Plaza Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Startingblock Madison Inc ($1.1m), Community Cycles ($1.1m) and Southwest Creations Collaborative ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.9m against liabilities of $2.7m, net assets of -$810k. It reported 4 employees.