Community Hope Fund Inc

Analysis

Community Hope Fund Inc is a registered charity in United States, based in Oakhurst, NJ. It received its IRS tax-exemption ruling in November 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, Community Hope Fund Inc reported income of $75k and spending of $28k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $75k (+212%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Hope Fund Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Magicians Without Borders ($75k), Covington Rotary Foundation ($75k) and Viridianes Hope for Childrens Health & Education Corporation ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $506k against liabilities of $0, net assets of $506k.