Family Center of Hope

Analysis

Family Center of Hope is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2023, Family Center of Hope reported income of $635k and spending of $643k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $635k (+785%), an average of +72% a year. The sharpest change came in the year to December 2020, when income rose by 396%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Center of Hope sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Guardians of Northeast Iowa Inc ($635k), Handicap Awareness & Support League Inc ($635k) and Organic Pharmacy Research Institute Inc ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (18% of expenses). Other salaries and wages came to $236k. At year end it held assets of $3.3m against liabilities of $785k, net assets of $2.5m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.