Hope Center Inc

Analysis

Hope Center Inc is a registered charity in United States, based in Fairhope, AL. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Center Inc reported income of $377k and spending of $408k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $377k (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Center Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Southern Assoc for Vascular Surgery Inc ($377k), Saline County Medical Center ($377k) and The Anchor Cross Cancer Foundation ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $207k. At year end it held assets of $547k against liabilities of $15k, net assets of $533k. It reported 11 employees.