Charities Of Hope Inc
- Assets
- $397.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 27
- Location
- Newington, CT
- Founding
- 06/2003
- Data as of
- 12/2020
- EIN
- 54-2067705
Organization Overview
Charities Of Hope Inc is located in Newington, CT. The organization was established in 2003. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2020, Charities Of Hope Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charities Of Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Charities Of Hope Inc generated $190.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $108.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (28.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
CLOTHING RECYCLING -DUE TO COVID WE WERE UNABLE TO PROVIDE OUR SERVICES THROUGH A WIDE RANGE OF CLOTHING TRXTILE RECYCLING-FUNDS WERE USED TO ATEMPT TO STAY OPERATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Higgins-Barkman President | 45 | $52,216 | |
Joseph Caruso Vice President | 2 | $0 | |
Lynne Rogers Treasurer | 8 | $0 | |
Sandra Shepard Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180 |
| Total Program Service Revenue | $60,807 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $127,436 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,091 |
| Total Revenue | $190,514 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,731 |
| Professional fees and other payments to independent contractors | $1,744 |
| Occupancy, rent, utilities, and maintenance | $11,318 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $93,535 |
| Total expenses | $108,328 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $176 |
| Other assets | $0 |
| Total assets | $396,953 |
| Total liabilities | $491,379 |
| Net assets or fund balances | -$94,426 |
Grants Awarded
Over the last fiscal year, Charities Of Hope Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
West Hartford, CT PURPOSE: To assist Organization's tax exempt purpose. | $0 |
Berlin, CT PURPOSE: Donations made to assist Agape Beacon Outreach Ministries' Food Delivery program. | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charities Of Hope Inc has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
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