Hope Mission of Coastal Carolina Inc

Analysis

Hope Mission of Coastal Carolina Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in December 1992, 34 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 December 2023, Hope Mission of Coastal Carolina Inc reported income of $372k and spending of $404k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $372k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Mission of Coastal Carolina Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include The Memory Project Inc ($372k), Holy Tabernacle United Church of God Inc ($372k) and Habitat for Humanity International Inc ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $182k. At year end it held assets of $117k against liabilities of $0, net assets of $117k. It reported 14 employees.