Inner City Hope Corporation

Analysis

Inner City Hope Corporation is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in December 1996, 30 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, Inner City Hope Corporation reported income of $458k and spending of $308k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $458k (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inner City Hope Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Mendocino Coast Childrens Fund ($458k), Southwest Community Ministries Inc ($458k) and Boys & Girls Clubs of Central Southwest Iowa Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $15k (4.9% of expenses). Other salaries and wages came to $2,158. At year end it held assets of $626k against liabilities of $918, net assets of $625k. It reported 1 employees.