Project Hope of Columbus

Analysis

Project Hope of Columbus is a registered charity in United States, based in Columbus, MT. It received its IRS tax-exemption ruling in May 2001, 25 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 December 2023, Project Hope of Columbus reported income of $248k and spending of $243k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $248k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 264%. 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, Project Hope of Columbus sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MT. Charities of a similar size with the same main cause include Hope for Lagonave Inc ($248k), Community Child Care Center Inc ($248k) and Community Services Council Inc of Fort Madison Iowa ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $43k (18% of expenses). Other salaries and wages came to $30k. At year end it held assets of $602k against liabilities of $1,395, net assets of $600k. It reported 7 employees.