Hope Springs Adult Day Care Center Inc

Analysis

Hope Springs Adult Day Care Center Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hope Springs Adult Day Care Center Inc reported income of $285k and spending of $279k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $188k to $285k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. 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 Springs Adult Day Care Center Inc 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 62nd percentile within TN. Charities of a similar size with the same main cause include Ajc Childrens Foundation Inc ($285k), Woodland Volunteer Bureau Food Closet ($285k) and Naturally Occurring Cultural Districts Ny Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Other salaries and wages came to $151k. At year end it held assets of $49k against liabilities of $16k, net assets of $34k. It reported 9 employees.