Hope Coalition

Analysis

Hope Coalition is a registered charity in United States, based in Coolidge, AZ. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Coalition reported income of $62k and spending of $84k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $62k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Coalition sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within AZ. Charities of a similar size with the same main cause include Spectrum for Living Hillsdale Property Inc ($62k), Mahalo Homes Inc ($62k) and Community Apartments Corporation of Randolph County ($62k).

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 $4,600 against liabilities of $0, net assets of $4,600.