Community Hope Projects Inc

Analysis

Community Hope Projects Inc is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Hope Projects Inc reported income of $1.3m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.3m (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Hope Projects Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Catherine Violet Hubbard Foundation Inc ($1.3m), Community Charities ($1.3m) and Impact Silver Spring ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $93k (6.9% of expenses). Other salaries and wages came to $674k. At year end it held assets of $1.9m against liabilities of $788k, net assets of $1.1m. It reported 27 employees.