Hope Center Inc

Analysis

Hope Center Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. 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 Center Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Wesley House Community Center Inc ($1.8m), Association of Birth Defect Children Inc ($1.8m) and National Society to Prevent Blindness ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $105k (6.0% of expenses). Other salaries and wages came to $766k. At year end it held assets of $3.1m against liabilities of $1.0m, net assets of $2.0m. It reported 36 employees.