Hope of East Central Illinois NFP

Analysis

Hope of East Central Illinois NFP is a registered charity in United States, based in Charleston, IL. It received its IRS tax-exemption ruling in January 1982, 44 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 June 2023, Hope of East Central Illinois NFP reported income of $2.2m and spending of $2.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.2m (+109%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope of East Central Illinois NFP sits at the 84th 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 86th percentile within IL. Charities of a similar size with the same main cause include United States Catholic Conference ($2.2m), Ao Advocating Opportunity Inc ($2.2m) and Advantage Credit Counseling Service Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $137k (6.5% of expenses). Other salaries and wages came to $973k. At year end it held assets of $1.7m against liabilities of $166k, net assets of $1.5m. It reported 37 employees.