Hope Womens Center

Analysis

Hope Womens Center is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in April 2006, 20 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 December 2023, Hope Womens Center reported income of $2.1m and spending of $1.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $2.1m (+185%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Womens Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Nerrads House Inc ($2.1m), Dakota Prairie Community Action Agency Inc ($2.1m) and Rapid Relief Team LLC ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $4.3m against liabilities of $1.4m, net assets of $2.8m. It reported 23 employees.