Ark of Hope Community Center Inc

Analysis

Ark of Hope Community Center Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in March 2009, 17 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 2024, Ark of Hope Community Center Inc reported income of $122k and spending of $116k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $63k to $122k (+95%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ark of Hope Community Center Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Yust Pust Foundation ($122k), Stark County Diaper Bank ($122k) and Freedom Youth Family Justice Center ($122k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $3,926, net assets of $64k.