Northlake Hope Center

Analysis

Northlake Hope Center is a registered charity in United States, based in Lago Vista, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Northlake Hope Center reported income of $586k and spending of $533k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $318k to $586k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Northlake Hope Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Harvest Aviation Inc ($586k), Jesus on Colfax Ministries ($586k) and SEND Hope International ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $50k (9.4% of expenses). Other salaries and wages came to $51k. At year end it held assets of $94k against liabilities of $7,172, net assets of $87k. It reported 4 employees.