Homes with Hope

Analysis

Homes with Hope is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Homes with Hope reported income of $636k and spending of $557k, spending 88% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $652k to $636k (-2.6%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes with Hope sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include RC Jr Livestock Committee ($635k), Savin Childrens Home Inc ($636k) and Alpha Christian Church School & Ranch Inc ($635k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $84k (15% of expenses). Other salaries and wages came to $143k. At year end it held assets of $566k against liabilities of $38k, net assets of $529k. It reported 6 employees.