Hope Center of Valparaiso Inc

Analysis

Hope Center of Valparaiso Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in October 2021, 5 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 Center of Valparaiso Inc reported income of $101k and spending of $53k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $101k (+141%), an average of +141% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Center of Valparaiso Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include International Convocation of Unitarian Universalist Women ($101k), Northern Essex Elder Transport Inc ($101k) and Hearts 4 Ukraine ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 58% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.