Hope Centers United

Analysis

Hope Centers United is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in October 2014, 12 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 June 2023, Hope Centers United reported income of $343k and spending of $189k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $198k to $343k (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 336%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Centers United sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include New Life for a New Generation ($343k), Stoughton Area Resource Team Inc ($343k) and Provision Packs ($343k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $53k (28% of expenses). Other salaries and wages came to $33k. At year end it held assets of $999k against liabilities of $786, net assets of $998k. It reported 11 employees.