Hope for North Brevard Inc

Analysis

Hope for North Brevard Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in February 2010, 16 years ago. 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 2021, Hope for North Brevard Inc reported income of $471k and spending of $486k, spending 103% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $205k to $471k (+130%), an average of +32% a year. The sharpest change came in the year to December 2019, when income rose by 122%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for North Brevard Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Advanced Sacred Hope Academy Inc ($471k), Council for Human Dignity for Brockway Inc ($471k) and Rouse-Brokenstraw Associates Corporation ($470k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $74k (15% of expenses). Other salaries and wages came to $31k. At year end it held assets of $82k against liabilities of $88k, net assets of -$5,930. It reported 2 employees.