Center for Hope Inc

Analysis

Center for Hope Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Center for Hope Inc reported income of $7.9m and spending of $7.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $7.9m (+107%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Center for Hope Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Oregon Law Foundation ($7.9m), Tsic Inc ($7.9m) and One Arizona ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $294k (4.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $7.0m against liabilities of $2.9m, net assets of $4.1m. It reported 87 employees.