Cville Hope Foundation

Analysis

Cville Hope Foundation is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Cville Hope Foundation reported income of $56k and spending of $83k, spending 149% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $91k to $56k (-39%), an average of -39% a year. The sharpest change came in the year to August 2023, when income dropped by 39%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cville Hope Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Whippany Park Touchdown Club ($56k), Reaction Foundation ($56k) and Nexus Neighborhood Outreach ($56k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.