The Center of Hope of South County Inc

Analysis

The Center of Hope of South County Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in June 2001, 25 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 2023, The Center of Hope of South County Inc reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $934k to $1.9m (+103%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 90%. 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 Center of Hope of South County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Afikim Foundation ($1.9m), Gather Inc ($1.9m) and Circle Six Ranch Baptist Camp Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $42k (2.2% of expenses). At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $458k.