Hope Opportunity Purpose Empowerment Culture Inc

Analysis

Hope Opportunity Purpose Empowerment Culture Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Hope Opportunity Purpose Empowerment Culture Inc reported income of $1.5m and spending of $2.1m, spending 138% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $113k to $1.5m (+1219%), an average of +136% a year. The sharpest change came in the year to December 2022, when income rose by 303%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Opportunity Purpose Empowerment Culture Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Hope Rising Pregnancy Center Inc ($1.5m), Assistance League of St Louis ($1.5m) and Bestself Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $203k against liabilities of $0, net assets of $203k.