Hope Starts Here Food Bank

Analysis

Hope Starts Here Food Bank is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in February 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 (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 Starts Here Food Bank reported income of $828k and spending of $880k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $828k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 442%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Starts Here Food Bank sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Logan Community Day Care Association Inc ($827k), Murwood Keyspot Inc ($828k) and A Childs Place Learning Center Inc ($827k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,880 against liabilities of $9,049, net assets of -$1,169.