Central Florida Hope Center Inc

Analysis

Central Florida Hope Center Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in June 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 2022, Central Florida Hope Center Inc reported income of $850k and spending of $676k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $412k to $850k (+107%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Florida Hope Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Texas Parent-To-Parent ($850k), Keren Hachomesh Inc ($850k) and YMCA of Callaway County ($850k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $253k. At year end it held assets of $783k against liabilities of $209k, net assets of $575k. It reported 10 employees.