Choctaw Hope Development Corporation

Analysis

Choctaw Hope Development Corporation is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Choctaw Hope Development Corporation reported income of $77k and spending of $129k, spending 168% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $85k to $77k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to September 2022, when income rose by 221%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Choctaw Hope Development Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within OK. Charities of a similar size with the same main cause include Hughes Training and Development ($77k), Revive Outreach Inc ($77k) and Dima X Inc ($77k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. At year end it held assets of $1.4m against liabilities of $5,666, net assets of $1.4m.