Hope Community Center Inc

Analysis

Hope Community Center Inc is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 Community Center Inc reported income of $531k and spending of $420k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $531k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Community Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Victory Homes for Boys ($531k), One Step a LA Vez ($531k) and Delano Area Sports Arena Inc ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 4.5% of the total. Other salaries and wages came to $215k. At year end it held assets of $1.0m against liabilities of $143k, net assets of $880k. It reported 9 employees.