Hope for the Community

Analysis

Hope for the Community is a registered charity in United States, based in Blaine, MN. It received its IRS tax-exemption ruling in June 2017, 9 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, Hope for the Community reported income of $424k and spending of $416k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $565k to $424k (-25%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for the Community sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Center for Jewish Food Ethics ($424k), Bold Idea Inc ($424k) and Nehemiah Gateway Community Developement Corporation ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $34k. At year end it held assets of $570k against liabilities of $0, net assets of $570k. It reported 3 employees.