Hope Vision Center

Analysis

Hope Vision Center is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Hope Vision Center reported income of $57k and spending of $72k, spending 126% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $200k to $57k (-71%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Vision Center sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Voice of Virtue International ($57k), Federated Rural Electric Trust ($57k) and Beth Torah Education Center ($57k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $44k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 2 employees.