Hope Community Center Inc

Analysis

Hope Community Center Inc is a registered charity in United States, based in Apopka, FL. It received its IRS tax-exemption ruling in March 2007, 19 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 2023, Hope Community Center Inc reported income of $2.8m and spending of $2.0m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.8m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Community Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Masbia of Queens ($2.8m), Holden Village ($2.8m) and Gateway to Hope Ministries Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $94k (4.7% of expenses). Other salaries and wages came to $848k. At year end it held assets of $3.9m against liabilities of $209k, net assets of $3.7m. It reported 32 employees.