Hope Coalition Corp

Analysis

Hope Coalition Corp is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Hope Coalition Corp reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $1.0m (-3.3%), an average of -3.3% a year. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Coalition Corp sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Mid-State Community Development Corporation ($1.0m), North Shore-Lij Occupational Medicine PC ($1.0m) and Twin Cities Orthopedics Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $100k (10.0% of expenses). Other salaries and wages came to $418k. At year end it held assets of $685k against liabilities of $289k, net assets of $396k. It reported 30 employees.