Hope House Inc

Analysis

Hope House Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Hope House Inc reported income of $6.7m and spending of $5.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.7m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope House Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Boca Raton Champions Golf Charities Inc ($6.7m), Roskamp Institute Inc ($6.7m) and Dignity Health Foundation-East Valley ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $510k (8.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $6.1m against liabilities of $642k, net assets of $5.4m. It reported 65 employees.