Hope Learning Center

Analysis

Hope Learning Center is a registered charity in United States, based in Chariton, IA. It received its IRS tax-exemption ruling in March 2017, 9 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, Hope Learning Center reported income of $713k and spending of $723k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $505k to $713k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Learning Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include Wesley House Association ($713k), Solutions in Hometown Connections Corp ($713k) and Franciscan Charities Inc ($713k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $508k. At year end it held assets of $374k against liabilities of $7,744, net assets of $366k. It reported 34 employees.