Walter Hoving Home Inc

Analysis

Walter Hoving Home Inc is a registered charity in United States, based in Oxford, NJ. It received its IRS tax-exemption ruling in February 1974, 52 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Walter Hoving Home Inc reported income of $6.6m and spending of $4.7m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.5m to $6.6m (+89%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 37%. 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, Walter Hoving Home 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 94th percentile within NJ. Charities of a similar size with the same main cause include AIDS Outreach Center Inc ($6.6m), Anderson Valley Health Center Inc ($6.6m) and International Society for STEM Cell Research ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $319k (6.9% of expenses). Other salaries and wages came to $1.2m. It paid $104k in professional fundraising fees. At year end it held assets of $7.8m against liabilities of $1.2m, net assets of $6.5m. It reported 46 employees.