Hope Tutoring Center Inc

Analysis

Hope Tutoring Center Inc is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Tutoring Center Inc reported income of $160k and spending of $175k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $161k to $160k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope Tutoring Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Oxford Charger Athletic Booster Club ($160k), Yeshiva Educational Services Inc ($160k) and Hardrock Hundred Endurance Run ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $71k. At year end it held assets of $28k against liabilities of $1,979, net assets of $26k. It reported 11 employees.