Hope Cottage of Randolph County Inc

Analysis

Hope Cottage of Randolph County Inc is a registered charity in United States, based in Roanoke, AL. It received its IRS tax-exemption ruling in February 2024, 2 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 Cottage of Randolph County Inc reported income of $89k and spending of $102k, spending 114% of what it took in. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Cottage of Randolph County Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AL. Charities of a similar size with the same main cause include Idaho Foster and Adoptive Parent Association ($89k), Hand of Hope Inc ($89k) and Holy Place House of Prayer Lugar Santo Casa de Oracion Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $146k against liabilities of $49k, net assets of $97k.