Project Hope of Northeast Allegan County Inc

Analysis

Project Hope of Northeast Allegan County Inc is a registered charity in United States, based in Dorr, MI. It received its IRS tax-exemption ruling in January 1995, 31 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, Project Hope of Northeast Allegan County Inc reported income of $630k and spending of $596k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $479k to $630k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Hope of Northeast Allegan County Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include New Vision for Independence Inc ($630k), Agape Ministries Global ($630k) and Little Light of Mine Inc ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $33k (5.5% of expenses). Other salaries and wages came to $232k. At year end it held assets of $748k against liabilities of $5,109, net assets of $743k. It reported 16 employees.