Southeast Texas Circle of Hope Inc

Analysis

Southeast Texas Circle of Hope Inc is a registered charity in United States, based in Nederland, TX. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeast Texas Circle of Hope Inc reported income of $199k and spending of $208k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $199k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southeast Texas Circle of Hope Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Middlesex Community College Foundation Incorporated ($199k), Gig Harbor Boatshop ($199k) and Philadelphia Telangana Association ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.