Hope Life Center

Analysis

Hope Life Center is a registered charity in United States, based in Sterling, IL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Life Center reported income of $629k and spending of $554k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $643k to $629k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Life Center sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include New Direction Health Care Solutions ($629k), Autism Society of Pittsburgh Inc ($630k) and Office of Consumer Advocates Inc ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $234k. It paid $6,719 in professional fundraising fees. At year end it held assets of $240k against liabilities of $3,569, net assets of $237k. It reported 16 employees.