Building Hope Community Life Center Inc

Analysis

Building Hope Community Life Center Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in October 2001, 25 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 2024, Building Hope Community Life Center Inc reported income of $559k and spending of $494k, spending 88% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $278k to $559k (+101%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 108%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building Hope Community Life Center Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include San Joaquin Valley Community Shared Mobility Inc ($558k), Royersford Outreach Inc ($559k) and Seven Hills Fire District ($558k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $15k (3.0% of expenses). Other salaries and wages came to $222k. At year end it held assets of $555k against liabilities of $5,292, net assets of $549k. It reported 23 employees.