Community of Hope

Analysis

Community of Hope is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Community of Hope reported income of $393k and spending of $249k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $393k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Community of Hope sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Encampment for Citizenship ($393k), Permission to Succeed Education Center ($393k) and Miami Co 4 H Club & Livestock Show Assn Inc County Extention Office ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.5% of the total. Other salaries and wages came to $140k. At year end it held assets of $586k against liabilities of $48, net assets of $586k. It reported 3 employees.