Coastside Hope

Analysis

Coastside Hope is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in September 1976, 50 years ago. Its declared purposes cover human services, 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 June 2023, Coastside Hope reported income of $3.0m and spending of $2.2m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $3.0m (+44%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastside Hope sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Friendly House Inc ($3.0m), Hildebrand Homecare Inc ($3.0m) and Bridges Outreach Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $123k (5.5% of expenses). Other salaries and wages came to $675k. At year end it held assets of $8.8m against liabilities of $3.7m, net assets of $5.2m. It reported 15 employees.