Hope in Our City

Analysis

Hope in Our City is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 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 June 2024, Hope in Our City reported income of $543k and spending of $775k, spending 143% of what it took in. Across the 6 years on record, from September 2019 to June 2024, income grew from $285k to $543k (+91%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 110%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope in Our City sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Garrett Cooperative Ministry Inc ($543k), Community Cooks Inc ($543k) and Seeds of Roseland ($543k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $171k (22% of expenses). Other salaries and wages came to $190k. It paid $5,346 in professional fundraising fees. At year end it held assets of $571k against liabilities of $299k, net assets of $272k. It reported 12 employees.