Hope Community Development Corporation

Analysis

Hope Community Development Corporation is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Community Development Corporation reported income of $75k and spending of $54k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $75k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Community Development Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Humanitarian Way ($75k), Rooted Communities Inc ($75k) and Arizona Assistance in Health Care Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.