Community of Hope Inc

Analysis

Community of Hope Inc is a registered charity in United States, based in Gales Ferry, CT. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Community of Hope Inc reported income of $278k and spending of $173k, leaving 38% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $395k to $278k (-30%), an average of -16% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 49% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Community of Hope Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Greater Richmond Bar Foundation ($278k), Mapping Police Violence Inc ($278k) and Casa of Berks County ($278k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $73k (42% of expenses). At year end it held assets of $635k against liabilities of $121k, net assets of $514k. It reported 3 employees.