Hope Resource Center

Analysis

Hope Resource Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Resource Center reported income of $951k and spending of $967k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $718k to $951k (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Resource Center 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 79th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Bowie Crofton Pregnancy Center Inc ($951k), Will-Grundy Medical Clinic Inc ($951k) and Courage Center ($951k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $546k. At year end it held assets of $879k against liabilities of $47k, net assets of $832k. It reported 17 employees.