Hope Community of Shalom Inc

Analysis

Hope Community of Shalom Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Community of Shalom Inc reported income of $71k and spending of $74k, spending 104% of its income. Across the 2 years on record, from December 2019 to December 2023, income fell from $105k to $71k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Community of Shalom Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Richard Jones Ministries ($71k), RTR Ministries Inc ($71k) and American Friends of Beit Morasha ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.