Communities of Hope Inc

Analysis

Communities of Hope Inc is a registered charity in United States, based in Fenton, MI. It received its IRS tax-exemption ruling in July 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 December 2023, Communities of Hope Inc reported income of $675k and spending of $396k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17k to $675k (+3840%), an average of +150% a year. The sharpest change came in the year to December 2020, when income dropped by 4594%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Communities of Hope Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Innovations Human Trafficking Collaborative ($675k), Hendorn Inc Cole Manor ($675k) and Leadership Experience ($675k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $10.6m against liabilities of $451k, net assets of $10.2m.