Hope Full Life Center Inc

Analysis

Hope Full Life Center Inc is a registered charity in United States, based in Ravena, NY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Full Life Center Inc reported income of $137k and spending of $120k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $137k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Full Life Center Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Northwest Kidney Kids Inc ($137k), Family Nurturing Support Corporation ($137k) and Namyausa ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $6,575 (5.5% of expenses). Other salaries and wages came to $22k. At year end it held assets of $54k against liabilities of $4,579, net assets of $50k. It reported 3 employees.