Hope Distributed Community Development Corporation

Analysis

Hope Distributed Community Development Corporation is a registered charity in United States, based in Rockingham, VA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Hope Distributed Community Development Corporation reported income of $1.7m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.7m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Distributed Community Development Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Jackson County Arc Inc ($1.7m), Parachute Credit Counseling Inc ($1.7m) and Karl & Mary Jo Wegner Health Science Information Center ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $52k (3.2% of expenses). Other salaries and wages came to $93k. At year end it held assets of $1.4m against liabilities of $24k, net assets of $1.4m. It reported 6 employees.