Hope City Homes Inc

Analysis

Hope City Homes Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2021, Hope City Homes Inc reported income of $564k and spending of $554k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $727k to $564k (-22%), an average of -12% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope City Homes Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within MO. Charities of a similar size with the same main cause include Gloria M Silverio Foundation ($564k), Na Hoaloha-Maui Interfaith Volunteer Caregivers ($564k) and Lifeline Global Ministries ($564k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (14% of expenses). Other salaries and wages came to $289k. At year end it held assets of $187k against liabilities of $0, net assets of $187k.