Village of Hope Learning Center

Analysis

Village of Hope Learning Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Village of Hope Learning Center reported income of $1.2m and spending of $849k, leaving 26% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $562k to $1.2m (+106%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village of Hope Learning Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Cornerstone Child Care and Youth Center Inc ($1.2m), So All May Eat Inc ($1.2m) and Council on American-Islamic Relations of Washington State ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $182k (21% of expenses). Other salaries and wages came to $297k. At year end it held assets of $1.7m against liabilities of $941k, net assets of $786k. It reported 18 employees.