C Waldo Scott Center for H O P E Inc

Analysis

C Waldo Scott Center for H O P E Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, C Waldo Scott Center for H O P E Inc reported income of $390k and spending of $390k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $395k to $390k (-1.0%), an average of -0.3% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, C Waldo Scott Center for H O P E Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Long Beach Economic Partnership ($390k), Northern Transformation Corporation ($391k) and Edpa Foundation Inc ($390k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $66k (17% of expenses). Other salaries and wages came to $140k. At year end it held assets of $820k against liabilities of $51k, net assets of $769k. It reported 16 employees.