Jobs of Hope Inc

Analysis

Jobs of Hope Inc is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Jobs of Hope Inc reported income of $446k and spending of $447k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $130k to $446k (+244%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jobs of Hope Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Winchester Clark County Farmers Market ($446k), Junior League of Daytona Beach Inc ($446k) and Neighborhood Conservation Services of Barberton Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $66k (15% of expenses). Other salaries and wages came to $127k. At year end it held assets of $166k against liabilities of $26k, net assets of $140k. It reported 7 employees.