Rva Hope Center Inc

Analysis

Rva Hope Center Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Rva Hope Center Inc reported income of $274k and spending of $177k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $274k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rva Hope Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Utd Missions Inc ($274k), Jesus Christ Is Calling You Evangelistic Ministry Inc ($274k) and True Torah Jews Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $75k (43% of expenses). Other salaries and wages came to $18k. It paid $2,537 in professional fundraising fees. At year end it held assets of $205k against liabilities of $1,889, net assets of $203k. It reported 5 employees.