Hope Center

Analysis

Hope Center is a registered charity in United States, based in Devils Lake, ND. It received its IRS tax-exemption ruling in August 2014, 12 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 Center reported income of $164k and spending of $135k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $164k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 41st percentile within ND. Charities of a similar size with the same main cause include New Hope for Children ($164k), Tulgey Wood Inc ($164k) and Unfaulted Corporation ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $228k against liabilities of $0, net assets of $228k.