Hope Community Development Center

Analysis

Hope Community Development Center is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hope Community Development Center reported income of $130k and spending of $146k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $130k (-0.3%), an average of -0.3% a year. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Community Development Center sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Charles Street Development Corporation ($130k), Franklin Residences Inc ($131k) and Tampa Bay Partnership Regional Research & Educational Foundation ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $12k against liabilities of $326, net assets of $11k.