Hope Outreach Center Inc

Analysis

Hope Outreach Center Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hope Outreach Center Inc reported income of $254k and spending of $454k, spending 179% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $525k to $254k (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Outreach Center Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Syringa Hospital Foundation Inc ($254k), Colorado National Guard Foundation Inc ($254k) and Straight Street International ($253k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (3.2% of expenses). Other salaries and wages came to $208k. At year end it held assets of $488k against liabilities of $11k, net assets of $477k. It reported 5 employees.