Chez Hope Inc

Analysis

Chez Hope Inc is a registered charity in United States, based in Franklin, LA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chez Hope Inc reported income of $2.3m and spending of $2.4m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.3m (+56%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chez Hope Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Center for Enriching Relationships Inc ($2.3m), Scheurer Community Services ($2.3m) and Jimmy Rane Foundation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $96k (4.0% of expenses). Other salaries and wages came to $934k. At year end it held assets of $1.7m against liabilities of $884k, net assets of $814k. It reported 20 employees.