The Center of Hope

Analysis

The Center of Hope is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Center of Hope reported income of $118k and spending of $1.6m, spending 1321% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $118k (-90%), an average of -43% a year. The sharpest change came in the year to December 2021, when income rose by 1508%. Over the whole period it spent 215% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Center of Hope sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Lucky Fin Project ($118k), Project Compassion Inc ($118k) and Blountville Emergency Response and Rescue Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $19.7m against liabilities of $22.4m, net assets of -$2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.