Global Communities of Hope

Analysis

Global Communities of Hope is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in March 2015, 11 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, Global Communities of Hope reported income of $1.9m and spending of $101k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.9m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 925%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Communities of Hope sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Family Connections of Northeast Ohio ($1.9m), Renova Inc ($1.9m) and Darke County Young Mens Christian Association ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. At year end it held assets of $2.9m against liabilities of $1,989, net assets of $2.9m.