Connors Hope Inc

Analysis

Connors Hope Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2021, 5 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, Connors Hope Inc reported income of $116k and spending of $33k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $116k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connors Hope Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Weecare Day Care Program ($116k), Hope in the Mountains Incorporated ($116k) and Food2kids Big Spring Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $141k against liabilities of $6,954, net assets of $134k.