Hi-Hope Service Center Inc

Analysis

Hi-Hope Service Center Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in March 1967, 59 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, Hi-Hope Service Center Inc reported income of $6.0m and spending of $4.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hi-Hope Service Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Lyngblomsten Services Inc ($6.0m), Creative Enterprises Inc ($6.0m) and Ossining Childrens Center Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $267k (5.6% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.2m against liabilities of $497k, net assets of $7.7m. It reported 102 employees.