Words of Comfort Hope and Promise

Analysis

Words of Comfort Hope and Promise is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Words of Comfort Hope and Promise reported income of $529k and spending of $541k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $529k (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 166%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Words of Comfort Hope and Promise 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 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Joyful Land Preschool ($529k), Institute for Advanced Usuli Studies ($530k) and Virginia Baptist Childrens Home and Family Services Foundation ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (6.0% of expenses). Other salaries and wages came to $18k. At year end it held assets of $87k against liabilities of $15k, net assets of $72k. It reported 2 employees.