Hope Community Builders

Analysis

Hope Community Builders is a registered charity in United States, based in Rockingham, VA. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Hope Community Builders reported income of $2.1m and spending of $2.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $935k to $2.1m (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 326%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Community Builders 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 87th percentile within VA. Charities of a similar size with the same main cause include Spring Street Community Development ($2.1m), Southwest Arkansas Planning & ($2.1m) and Northwest Native Chamber ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 79% of the total. Compensation of current officers, directors and key employees was $567k (23% of expenses). At year end it held assets of $3.3m against liabilities of $60k, net assets of $3.3m. It reported 3 employees.