Hopes Corner Inc

Analysis

Hopes Corner Inc is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Hopes Corner Inc reported income of $609k and spending of $473k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $927k to $609k (-34%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Corner Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Friends of Assist ($609k), Family Services Inc ($609k) and Cope Foundation Inc ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $93k. At year end it held assets of $3.7m against liabilities of $12k, net assets of $3.7m.