Place of Hope

Analysis

Place of Hope is a registered charity in United States, based in Rockdale, TX. It received its IRS tax-exemption ruling in December 2012, 14 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, Place of Hope reported income of $100k and spending of $78k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $100k (-0.6%), an average of -0.6% a year. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Place of Hope sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Outstretched Hands Inc ($100k), Hmong American Association of Colorado ($100k) and Autumn Place Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $410k against liabilities of $0, net assets of $410k.