Hope Springs Counseling Center

Analysis

Hope Springs Counseling Center is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Springs Counseling Center reported income of $443k and spending of $443k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $443k (+121%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Springs Counseling Center sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Once Trece Foundation Corp ($443k), Alstrom Angels Corp ($443k) and Gout Education Society Inc ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $75k (17% of expenses). Other salaries and wages came to $97k. At year end it held assets of $44k against liabilities of $20k, net assets of $24k. It reported 4 employees.