Hope House Inc

Analysis

Hope House Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 1969, 57 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 December 2023, Hope House Inc reported income of $11.7m and spending of $11.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $11.7m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 105% 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 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Affiliated Service Providers of Indiana Inc ($11.7m), Tisch Multiple Sclerosis Research Center of New York Inc ($11.7m) and Wes Health Centers Inc ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $290k (2.5% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $16.4m against liabilities of $6.5m, net assets of $9.8m. It reported 167 employees.