Circle of Hope Community Center

Analysis

Circle of Hope Community Center is a registered charity in United States, based in Pflugerville, TX. 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, Circle of Hope Community Center reported income of $288k and spending of $293k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $317k to $288k (-9.2%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Hope Community Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Providence Northeast Washington Hunger Coalition ($288k), Downtown Ministries of Goshen Inc ($288k) and Redi V ($288k).

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 $79k (27% of expenses). Other salaries and wages came to $28k. At year end it held assets of $202k against liabilities of $5,310, net assets of $197k. It reported 6 employees.