Community Hope Center

Analysis

Community Hope Center is a registered charity in United States, based in Cottage Hills, IL. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Community Hope Center reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.6m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Hope Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Sequoia Plaza Mobilehome Park Corporation ($2.6m), Good Old Lower East Side Inc ($2.6m) and Specialty Industries of St Joseph I NC ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (2.9% of expenses). Other salaries and wages came to $55k. At year end it held assets of $899k against liabilities of $6,854, net assets of $892k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.