Hospeace House Inc

Analysis

Hospeace House Inc is a registered charity in United States, based in Naples, NY. It received its IRS tax-exemption ruling in October 2001, 25 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 2023, Hospeace House Inc reported income of $493k and spending of $215k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $493k (+108%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 229%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospeace House Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Friendly Harbor ($493k), Sylvias Place ($493k) and Pilots for Patients ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $45k (21% of expenses). Other salaries and wages came to $93k. At year end it held assets of $595k against liabilities of $3,607, net assets of $591k. It reported 12 employees.