Circle of Hope Foundation Inc

Analysis

Circle of Hope Foundation Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in March 2022, 4 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, Circle of Hope Foundation Inc reported income of $88k and spending of $62k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $88k (+359%), an average of +359% a year. The sharpest change came in the year to December 2023, when income rose by 359%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Hope Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IN. Charities of a similar size with the same main cause include Building Lasting Relationships Inc ($88k), Open Hearts Helping Hands Inc ($88k) and Light Source Center Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.