Hope Center Foundation Inc

Analysis

Hope Center Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Center Foundation Inc reported income of $111k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $111k (-91%), an average of -45% a year. The sharpest change came in the year to June 2021, when income rose by 2303%. Over the whole period it spent 3.5% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Center Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include Somerset Collection Charitable FDN ($111k), Dsaec - Construction Industry Advisory Council Inc ($111k) and Equipment Finance Cares Inc ($111k).

At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.