Hope Center Inc

Analysis

Hope Center Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in September 1987, 39 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Center Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $814k to $1.5m (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 43%. 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 Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Bridgeway Foundation ($1.5m), Center for Civic and Public Policy Improvement ($1.5m) and Military Historical Society of Minnesota Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $753k. At year end it held assets of $4.4m against liabilities of $2.3m, net assets of $2.1m. It reported 23 employees.