Center for Hope and Strength Inc

Analysis

Center for Hope and Strength Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2013, 13 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, Center for Hope and Strength Inc reported income of $174k and spending of $206k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $299k to $174k (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Hope and Strength Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Illinois Ffa Alumni Association ($174k), Neighborhood Crusades Inc ($174k) and Heart That Gives Foundation ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (21% of expenses). Other salaries and wages came to $76k. At year end it held assets of $237k against liabilities of $253k, net assets of -$16k.