The Hope Center of Hendersonville Inc

Analysis

The Hope Center of Hendersonville Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Hope Center of Hendersonville Inc reported income of $1.0m and spending of $579k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $548k to $1.0m (+86%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Hope Center of Hendersonville Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Replicate Ministries Inc ($1.0m), Camp Wyldewood ($1.0m) and Blood N Fire Ministry of Alaska ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $291k. At year end it held assets of $936k against liabilities of $195k, net assets of $741k. It reported 22 employees.