Charleston Hope

Analysis

Charleston Hope is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Charleston Hope reported income of $455k and spending of $408k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $247k to $455k (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charleston Hope 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 69th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include Divas for Social Justice Inc ($454k), Diablo Valley College Foundation ($455k) and 518 Elevated Inc ($454k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $186k. It paid $1,000 in professional fundraising fees. At year end it held assets of $262k against liabilities of $0, net assets of $262k. It reported 4 employees.