Hope Hall

Analysis

Hope Hall is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in December 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Hall reported income of $5.3m and spending of $5.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $5.3m (+125%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 331%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Hall sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include The YWCA of Brooklyn Inc ($5.3m), Washington Association for Community Health ($5.3m) and Apostolic Christian Resthaven ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $206k (3.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $9.7m against liabilities of $426k, net assets of $9.3m. It reported 52 employees.