Hope Community Development Association Inc

Analysis

Hope Community Development Association Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in November 2011, 15 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 Association Inc reported income of $923k and spending of $872k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $923k (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 91% 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 Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Lafayette Urban Enterprise Association Inc ($923k), Hope Builders Career Connection ($923k) and Cornerstones Career Learning Center Inc ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Other salaries and wages came to $478k. It paid $18k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $903k, net assets of $271k. It reported 41 employees.