The Hope Center Inc

Analysis

The Hope Center Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in June 2002, 24 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, The Hope Center Inc reported income of $264k and spending of $234k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $341k to $264k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hope Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Hope Comes Home ($264k), Shalom Fund Inc ($264k) and Ivy Foundation of Montgomery Alabama Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $41k (18% of expenses). At year end it held assets of $236k against liabilities of $978, net assets of $235k. It reported 1 employees.