Hope for the Inner City Inc

Analysis

Hope for the Inner City Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2022, Hope for the Inner City Inc reported income of $735k and spending of $593k, spending 81% of its income. Across the 3 years on record, from January 2020 to January 2022, income grew from $725k to $735k (+1.3%), an average of +0.7% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for the Inner City Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Fathers Families Healthy Communities ($734k), Naas Welfare Foundation Inc ($735k) and Bethlehem Centers of Nashville ($734k).

On its Form 990 for the period ending January 2022, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $57k (9.5% of expenses). Other salaries and wages came to $220k. At year end it held assets of $399k against liabilities of $88k, net assets of $311k. It reported 9 employees.