Southside Center of Hope

Analysis

Southside Center of Hope is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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 May 2024, Southside Center of Hope reported income of $511k and spending of $417k, spending 82% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $479k to $511k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to May 2023, when income rose by 35%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southside Center of Hope sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Whitefish Manor Inc ($511k), Chatham Historical Society Inc ($511k) and Casco Library Association ($511k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 71% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $106k (25% of expenses). Other salaries and wages came to $109k. At year end it held assets of $458k against liabilities of $23k, net assets of $434k. It reported 12 employees.