1960 Community Hope Center

Analysis

1960 Community Hope Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, 1960 Community Hope Center reported income of $348k and spending of $371k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $665k to $348k (-48%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1960 Community Hope Center sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($348k), Ppep Senior Housing Services Corp ($348k) and Volunteers of America Inc ($348k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $75k (20% of expenses). Other salaries and wages came to $28k. At year end it held assets of $1.6m against liabilities of $856k, net assets of $770k. It reported 2 employees.