The Hope Center of Toccoa Inc

Analysis

The Hope Center of Toccoa Inc is a registered charity in United States, based in Toccoa, GA. It received its IRS tax-exemption ruling in June 1992, 34 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, The Hope Center of Toccoa Inc reported income of $163k and spending of $134k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $230k to $163k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Hope Center of Toccoa Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Arkell Center Incorporated ($163k), Baldwinsville Meals on Wheels Inc ($163k) and Christian Commitments Corporation ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $51k against liabilities of $6,660, net assets of $44k. It reported 7 employees.