Compass for Hope Inc

Analysis

Compass for Hope Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in September 2019, 7 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, Compass for Hope Inc reported income of $110k and spending of $89k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $110k (+3.9%), an average of +3.9% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Compass for Hope Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within GA. Charities of a similar size with the same main cause include Fern Markwell Senior Housing Inc ($110k), Tanasi Housing Development Corporation ($110k) and Poplar Place Inc ($110k).

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 $70k against liabilities of $14k, net assets of $56k.