Hope Connection Inc

Analysis

Hope Connection Inc is a registered charity in United States, based in Agoura Hills, CA. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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, Hope Connection Inc reported income of $179k and spending of $178k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $211k to $179k (-15%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Connection Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Epilepsy Fund of Western New York Inc ($179k), Houston Irvington Spanish Church of the Nazarene ($179k) and Artbeat Li Inc ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $58k (32% of expenses). Other salaries and wages came to $45k. At year end it held assets of $130k against liabilities of $0, net assets of $130k.