Faith Hope & Love School

Analysis

Faith Hope & Love School is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Faith Hope & Love School reported income of $404k and spending of $422k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $433k to $404k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Hope & Love School sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Haines Assisted Living Inc ($404k), Pathways to Independence Inc ($404k) and Hoh Share Inc ($404k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $114k (27% of expenses). Other salaries and wages came to $122k. At year end it held assets of $215k against liabilities of $8,515, net assets of $206k. It reported 12 employees.