Center of Hope Friendship Room

Analysis

Center of Hope Friendship Room is a registered charity in United States, based in Steubenville, OH. It received its IRS tax-exemption ruling in November 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 December 2023, Center of Hope Friendship Room reported income of $314k and spending of $326k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $314k (+74%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Hope Friendship Room sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include I Have the Right to Org Inc ($314k), Adult Day Care of Richmond Inc ($314k) and Rohingya American Society Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $216k against liabilities of $2,568, net assets of $213k. It reported 4 employees.