Huntsville Community of Hope

Analysis

Huntsville Community of Hope is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in May 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 (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, Huntsville Community of Hope reported income of $186k and spending of $141k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $224k to $186k (-17%), an average of -8.9% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 27% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Huntsville Community of Hope sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Brides Across America ($186k), Hearts-And-Hands Inc ($186k) and Tyler Deaf and Hard of Hearing Center ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $59k (42% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 2 employees.