Center of Hope Assembly of God

Analysis

Center of Hope Assembly of God is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in August 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Center of Hope Assembly of God reported income of $146k and spending of $117k, spending 80% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $181k to $146k (-19%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center of Hope Assembly of God sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Disabled Sports USA ($146k), Bella Womens Center ($146k) and Norwich Historical Society ($146k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $263k against liabilities of $44k, net assets of $218k.