Chest of Hope Inc

Analysis

Chest of Hope Inc is a registered charity in United States, based in Tracy, CA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chest of Hope Inc reported income of $808k and spending of $891k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $530k to $808k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chest of Hope Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Aha Development Corporation ($808k), Mercy Properties California ($808k) and Arlington Non-Profit Housing Corp ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $336k (38% of expenses). Other salaries and wages came to $3,012. At year end it held assets of $42k against liabilities of $35k, net assets of $6,808. It reported 22 employees.