Hope Center Inc

Analysis

Hope Center Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 1999, 27 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 July 2023, Hope Center Inc reported income of $4.3m and spending of $1.6m, leaving 63% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $4.3m (+241%), an average of +36% a year. The sharpest change came in the year to July 2023, when income rose by 71%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include The Catherine McAuley Center Inc ($4.3m), Law Enforcement Officers Relief Fund Inc ($4.3m) and Support for Families of Children with Disabilities ($4.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $190k (12% of expenses). Other salaries and wages came to $569k. At year end it held assets of $7.1m against liabilities of $305k, net assets of $6.8m. It reported 16 employees.