Hope Center of Maryland

Analysis

Hope Center of Maryland is a registered charity in United States, based in Churchville, MD. It received its IRS tax-exemption ruling in July 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 of Maryland reported income of $627k and spending of $636k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $266k to $627k (+136%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center of Maryland sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include LA Ola Ministries-The Wave ($627k), Womens Resource Center of Racine Inc ($627k) and Rotary Club of Coronado Foundation ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.