Heart of Hope Asian American Hospice Care a Nonprofit Corp

Analysis

Heart of Hope Asian American Hospice Care a Nonprofit Corp is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 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, Heart of Hope Asian American Hospice Care a Nonprofit Corp reported income of $747k and spending of $932k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $923k to $747k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart of Hope Asian American Hospice Care a Nonprofit Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Umma-Urban Muslim Minority Alliance ($747k), Berkshire Immigrant Center Inc ($748k) and Roger Williams Day Care Center Inc ($747k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $148k (16% of expenses). Other salaries and wages came to $524k. At year end it held assets of $627k against liabilities of $37k, net assets of $591k. It reported 30 employees.