Claras Hope

Analysis

Claras Hope is a registered charity in United States, based in Fenton, MI. It received its IRS tax-exemption ruling in March 2020, 6 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, Claras Hope reported income of $289k and spending of $262k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $213k to $289k (+36%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Claras Hope sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Richmond Christmas Mother Committee Christmas Mother ($289k), College Care for Kids ($289k) and Domus Amoris Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $20k (7.7% of expenses). Other salaries and wages came to $100k. At year end it held assets of $395k against liabilities of $120k, net assets of $275k. It reported 3 employees.