Hope Community Inc of White Lake

Analysis

Hope Community Inc of White Lake is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in March 2009, 17 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 Community Inc of White Lake reported income of $143k and spending of $155k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $143k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Community Inc of White Lake sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Janice Barnett Ministries Incorporated ($143k), Justice for Jews From Arab Countries ($143k) and Hope Harvest International ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (45% of expenses). Other salaries and wages came to $8,871. At year end it held assets of $264k against liabilities of $0, net assets of $264k. It reported 4 employees.