Hope Center of Edmond

Analysis

Hope Center of Edmond is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in June 1985, 41 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 March 2023, Hope Center of Edmond reported income of $1.6m and spending of $1.9m, spending 118% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.3m to $1.6m (+22%), an average of +7.0% a year. The sharpest change came in the year to March 2021, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center of Edmond sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Feeding Hawaii Together Org ($1.6m), Shore Legal Access Inc ($1.6m) and Covenant Soup Kitchen Inc ($1.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 30% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $117k (6.2% of expenses). Other salaries and wages came to $601k. At year end it held assets of $1.4m against liabilities of $26k, net assets of $1.4m. It reported 34 employees.