Center of Hope

Analysis

Center of Hope is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 July 2024, Center of Hope reported income of $4.7m and spending of $4.3m, spending 92% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $3.0m to $4.7m (+54%), an average of +9.1% a year. The sharpest change came in the year to July 2021, when income rose by 18%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center of Hope sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Visiting Nurse Service of Ithaca and Tompkins County Inc ($4.7m), Touro Infirmary Foundation ($4.7m) and A Giving Hand Org Inc ($4.7m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $184k (4.3% of expenses). Other salaries and wages came to $857k. At year end it held assets of $9.6m against liabilities of $121k, net assets of $9.5m. It reported 30 employees.