Collective for Hope

Analysis

Collective for Hope is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2001, 25 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, Collective for Hope reported income of $454k and spending of $526k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $454k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Collective for Hope sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Lions Pride Foundation Inc ($454k), Alimentando Al Pueblo ($454k) and Growing in Gods Love Childcare and Preschool ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.8% of the total. Other salaries and wages came to $224k. At year end it held assets of $4.0m against liabilities of $2.1m, net assets of $1.9m. It reported 6 employees.