Hope Builders Career Connection

Analysis

Hope Builders Career Connection is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Builders Career Connection reported income of $923k and spending of $1.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $266k to $923k (+247%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Builders Career Connection sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Hope Community Development Association Inc ($923k), Black Economic Development Coalition Inc ($923k) and Lafayette Urban Enterprise Association Inc ($923k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $801k (78% of expenses). At year end it held assets of $292k against liabilities of $1.5m, net assets of -$1.2m. It reported 47 employees.