Fenton Center of Hope

Analysis

Fenton Center of Hope is a registered charity in United States, based in Fenton, MI. It received its IRS tax-exemption ruling in February 2020, 6 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, Fenton Center of Hope reported income of $484k and spending of $529k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $281k to $484k (+72%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fenton Center of Hope sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Champ Assistance Dogs Inc ($484k), Carolyns Place ($484k) and Covenant Place Foundation ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $113k (21% of expenses). Other salaries and wages came to $58k. At year end it held assets of $39k against liabilities of $0, net assets of $39k. It reported 3 employees.