Hope Life Center Inc

Analysis

Hope Life Center Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in December 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, Hope Life Center Inc reported income of $391k and spending of $330k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $411k to $391k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Life Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Illinois Masonic Childrens Home ($391k), Ya-Ya Network Inc ($391k) and Berean Education Center ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $11k (3.4% of expenses). Other salaries and wages came to $156k. At year end it held assets of $432k against liabilities of $15k, net assets of $417k. It reported 9 employees.