Center of Hope

Analysis

Center of Hope is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in October 1989, 37 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 June 2023, Center of Hope reported income of $946k and spending of $930k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $946k (-6.9%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center of Hope sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Austin Area Research Organization Inc ($946k), Parent to Parent of Miami Inc ($946k) and Electrical Industry Educational Fund ($946k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $490k. At year end it held assets of $979k against liabilities of $31k, net assets of $948k. It reported 27 employees.