Hope Clinic Inc

Analysis

Hope Clinic Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Clinic Inc reported income of $1.9m and spending of $2.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $1.9m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Clinic Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Generatehope Inc ($1.9m), First in Families of North Carolina ($1.9m) and Compass House ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $281k (13% of expenses). Other salaries and wages came to $934k. At year end it held assets of $2.8m against liabilities of $252k, net assets of $2.5m. It reported 20 employees.