White Rock Center of Hope

Analysis

White Rock Center of Hope is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1990, 36 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 October 2023, White Rock Center of Hope reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.7m to $2.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to October 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, White Rock Center of Hope sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Community Resources and Services for Children Inc ($2.1m), Sunshine House Inc ($2.1m) and Adaptive Training Foundation ($2.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (6.1% of expenses). Other salaries and wages came to $475k. At year end it held assets of $1.7m against liabilities of $34k, net assets of $1.7m. It reported 13 employees.