Center of Hope Inc

Analysis

Center of Hope Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 1955, 71 years ago. 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 July 2024, Center of Hope Inc reported income of $2.0m and spending of $1.7m, spending 86% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $2.3m to $2.0m (-12%), an average of -3.2% a year. The sharpest change came in the year to July 2022, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center of Hope Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within KS. Charities of a similar size with the same main cause include Lighthouse Childrens Home Inc ($2.0m), Future Farmers of America ($2.0m) and James Valley Christian School ($2.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $85k (5.0% of expenses). Other salaries and wages came to $63k. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m. It reported 3 employees.