Community Hope Foundation Inc

Analysis

Community Hope Foundation Inc is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Hope Foundation Inc reported income of $5.6m and spending of $281k, leaving 95% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $7,807 to $5.6m (+71582%), an average of +795% a year. The sharpest change came in the year to June 2023, when income rose by 233758%. Over the whole period it spent 5.0% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Hope Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Society St Vincent de Paul Alameda ($5.6m), Family Ark Inc ($5.6m) and Ocean Tides Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $5.9m against liabilities of $126k, net assets of $5.7m.