Hope Technology and Education Center NFP

Analysis

Hope Technology and Education Center NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2014, 12 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, Hope Technology and Education Center NFP reported income of $202k and spending of $185k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $202k (+365%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 181%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Technology and Education Center NFP sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Gates of Freedom ($202k), Guanyin Citta SF Inc ($203k) and Helping Elders Live Productively ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.