Women of Hope Resource Center Inc

Analysis

Women of Hope Resource Center Inc is a registered charity in United States, based in Atco, NJ. It received its IRS tax-exemption ruling in June 2003, 23 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, Women of Hope Resource Center Inc reported income of $217k and spending of $382k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $395k to $217k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Women of Hope Resource Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Human Concerns Inc ($217k), Battle Dawgs ($217k) and Society of St Vincent de Paul Our Lady of Lourdes Conference ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). Other salaries and wages came to $216k. At year end it held assets of $64k against liabilities of $10k, net assets of $54k. It reported 12 employees.