Hope Developmental Achievement Center

Analysis

Hope Developmental Achievement Center is a registered charity in United States, based in Tyler, MN. It received its IRS tax-exemption ruling in March 1975, 51 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 Developmental Achievement Center reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $822k to $1.4m (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Developmental Achievement Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Boston Cares Inc ($1.4m), Leadership Georgia Foundation Inc ($1.4m) and New Beginnings of Central Florida Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Other salaries and wages came to $711k. At year end it held assets of $1.9m against liabilities of $29k, net assets of $1.9m. It reported 59 employees.