Selahs Center of Hope Inc

Analysis

Selahs Center of Hope Inc is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Selahs Center of Hope Inc reported income of $219k and spending of $143k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $249k to $219k (-12%), an average of -12% a year. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Selahs Center of Hope Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Upper Merion Township Foundation ($219k), Spring Hollow Community Learning Center ($219k) and Circle of Friends in Love Foundation ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $64k. At year end it held assets of $383k against liabilities of $43k, net assets of $340k. It reported 5 employees.