Hope Connection and Community

Analysis

Hope Connection and Community is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Connection and Community reported income of $75k and spending of $74k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $75k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Connection and Community sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within CO. Charities of a similar size with the same main cause include Glenwood and Beyond Inc ($75k), Iowa Capital Investment Corporation ($75k) and Logan County Economic Development Partnership ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.