Hope Health and Wellness Center Qalicb

Analysis

Hope Health and Wellness Center Qalicb is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Health and Wellness Center Qalicb reported income of $290k and spending of $1.3m, spending 444% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.0m to $290k (-85%), an average of -62% a year. The sharpest change came in the year to December 2023, when income rose by 3358%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Health and Wellness Center Qalicb sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Chime Education Foundation ($290k), Clarity Clinic of SW Wisconsin ($290k) and Boscobel Rescue Squad Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $28.1m against liabilities of $27.8m, net assets of $363k.