Hope Center for the Arts

Analysis

Hope Center for the Arts is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. 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 Center for the Arts reported income of $444k and spending of $639k, spending 144% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $605k to $444k (-27%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Center for the Arts sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Bethany College Endownment Fund ($444k), Yonkers Residential Center Inc ($444k) and Tama County Day Care Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $92k (14% of expenses). Other salaries and wages came to $268k. At year end it held assets of $265k against liabilities of $433k, net assets of -$169k. It reported 10 employees.