Barbara Olson Center of Hope

Analysis

Barbara Olson Center of Hope is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in June 1958, 68 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Barbara Olson Center of Hope reported income of $2.3m and spending of $2.2m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.5m to $2.3m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Barbara Olson Center of Hope sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Food Runners Collaborative Inc ($2.3m), Marshall County Christian Services Inc ($2.3m) and Ward County Greater Works Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $105k (4.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.0m against liabilities of $254k, net assets of $6.7m. It reported 64 employees.