Hope Center Incorporated

Analysis

Hope Center Incorporated is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in February 2002, 24 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, Hope Center Incorporated reported income of $4.0m and spending of $4.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.0m (+120%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Puppies Behind Bars Inc ($4.0m), This Works Inc ($4.0m) and The 410 Bridge Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $516k (13% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $543k against liabilities of $77k, net assets of $466k. It reported 24 employees.