Hope Center of Leroy Inc

Analysis

Hope Center of Leroy Inc is a registered charity in United States, based in Le Roy, NY. It received its IRS tax-exemption ruling in August 2016, 10 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, Hope Center of Leroy Inc reported income of $108k and spending of $97k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $46k to $108k (+135%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center of Leroy Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include James River Apartments ($108k), Rockdale County Emergency Relief Fund Inc ($108k) and Talladegas Red Door Kitchen ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $26k (27% of expenses). Other salaries and wages came to $22k. At year end it held assets of $30k against liabilities of $0, net assets of $30k. It reported 4 employees.