Hope Center of Rutherford County Inc

Analysis

Hope Center of Rutherford County Inc is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in November 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Center of Rutherford County Inc reported income of $115k and spending of $95k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $115k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Center of Rutherford County Inc 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 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Hoboken World War Veterans Holding ($115k), Melwood-Dolly Housing Inc ($115k) and Palacio Del Sol II Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.