The Hope Center of Jackson

Analysis

The Hope Center of Jackson is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, The Hope Center of Jackson reported income of $684k and spending of $646k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $464k to $684k (+48%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Hope Center of Jackson sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Emmaus Christian Center ($684k), Adonai International Ministries ($684k) and Pais Global Inc ($684k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $95k (15% of expenses). Other salaries and wages came to $137k. At year end it held assets of $1.6m against liabilities of $1,268, net assets of $1.6m. It reported 22 employees.