Hope Center Inc

Analysis

Hope Center Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Center Inc reported income of $2.6m and spending of $3.1m, spending 118% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.6m (+18%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Iowa Community Action Association ($2.6m), Project 150 ($2.6m) and Promiseland Preschool Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $791k against liabilities of $24k, net assets of $766k. It reported 41 employees.