Hope Community Collective

Analysis

Hope Community Collective is a registered charity in United States, based in Columbia, MS. It received its IRS tax-exemption ruling in February 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, Hope Community Collective reported income of $366k and spending of $490k, spending 134% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $197k to $366k (+86%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Community Collective sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MS. Charities of a similar size with the same main cause include Respite Care of Charleston ($366k), New Horizons House ($366k) and Pines of Sarasota Inc ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 19% of the total. Other salaries and wages came to $138k. At year end it held assets of $194k against liabilities of $16k, net assets of $179k. It reported 12 employees.