Hope Redemption Center

Analysis

Hope Redemption Center is a registered charity in United States, based in Sioux City, IA. 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Redemption Center reported income of $453k and spending of $425k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $430k to $453k (+5.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Redemption Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Islamic Cultural Center of Medford Inc ($453k), Hamere Noah Kidane Meheret Church ($453k) and Catholic Guy Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Other salaries and wages came to $83k. At year end it held assets of $135k against liabilities of $2,032, net assets of $133k. It reported 4 employees.