Village Hopecore International

Analysis

Village Hopecore International is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in May 1983, 43 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, Village Hopecore International reported income of $1.0m and spending of $960k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $725k to $1.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Village Hopecore International sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Goodlettsville Help Center Inc ($1.0m), York College Association Inc ($1.0m) and Maine Council on Aging ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $60k (6.3% of expenses). Other salaries and wages came to $408k. At year end it held assets of $1.2m against liabilities of $72k, net assets of $1.1m.