Color of Hope Inc

Analysis

Color of Hope Inc is a registered charity in United States, based in Greenacres, FL. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Color of Hope Inc reported income of $66k and spending of $77k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $66k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Color of Hope Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Texas Medical Center Orchestra ($66k), Brookville Community Theatre ($66k) and Octagon Performance Group Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.