Community Hope

Analysis

Community Hope is a registered charity in United States, based in Cadillac, MI. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Hope reported income of $164k and spending of $155k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $164k (-5.9%), an average of -5.9% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Hope sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Qeqchi Partners Inc ($164k), Cambridge Main Street Inc ($164k) and Last Chance Tours ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $188k against liabilities of $1,374, net assets of $187k.