Hope Center at Pullen Inc

Analysis

Hope Center at Pullen Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover human services, 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 Center at Pullen Inc reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $580k to $1.2m (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center at Pullen Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Childrens Hope Group Home ($1.2m), Share Homes Inc ($1.2m) and Project Legacy ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $94k (8.0% of expenses). Other salaries and wages came to $436k. At year end it held assets of $1.3m against liabilities of $178k, net assets of $1.1m. It reported 34 employees.