Hope First Family Resource Center

Analysis

Hope First Family Resource Center is a registered charity in United States, based in Brighton, CO. It received its IRS tax-exemption ruling in December 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, Hope First Family Resource Center reported income of $122k and spending of $35k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $666k to $122k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 8.2% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope First Family Resource Center sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include Navidad Valley Community Connections ($122k), Women Investing in Security and Education ($122k) and One Dharma Awakening Heart Dallas Meditation Center ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $736k against liabilities of $1,097, net assets of $735k.