Community of Hope

Analysis

Community of Hope is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 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, Community of Hope reported income of $412k and spending of $425k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $241k to $412k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community of Hope sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include Senior Citizens of San Jacinto County Inc ($412k), Promises of Hope Foundation ($412k) and Itp Mission ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $203k. At year end it held assets of $42k against liabilities of $7,202, net assets of $34k. It reported 10 employees.