Circle of Hope Health Care Services

Analysis

Circle of Hope Health Care Services is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Circle of Hope Health Care Services reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $954k to $1.3m (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Circle of Hope Health Care Services sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 60th percentile within DC. Charities of a similar size with the same main cause include Seeds of Life Inc ($1.3m), Pa Elks Major Projects Inc ($1.3m) and Glendale Memorial Health Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $94k (7.9% of expenses). Other salaries and wages came to $224k. At year end it held assets of $374k against liabilities of $60k, net assets of $314k. It reported 15 employees.