Hope Community Center Inc

Analysis

Hope Community Center Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Community Center Inc reported income of $252k and spending of $152k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $254k to $252k (-0.9%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Community Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Radooga USA Inc ($252k), Cornerstone Community Ministries Inc ($252k) and Reverent Rhythms ($252k).

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 $93k (61% of expenses). At year end it held assets of $305k against liabilities of $5,098, net assets of $300k. It reported 1 employees.