Hope Center Inc

Analysis

Hope Center Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Inc reported income of $5.4m and spending of $2.3m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.4m (+147%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 75% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within NE. Charities of a similar size with the same main cause include US Dream Academy Inc ($5.4m), Manhattan Soccer Club Inc ($5.4m) and Boys & Girls Club of Southeast Georgia Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $213k (9.3% of expenses). Other salaries and wages came to $864k. At year end it held assets of $7.7m against liabilities of $171k, net assets of $7.5m. It reported 79 employees.