Heights of Hope

Analysis

Heights of Hope is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in December 2005, 21 years ago. 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, Heights of Hope reported income of $256k and spending of $255k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $256k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 169%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heights of Hope sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Dance Conservatory of Southern Minnesota ($256k), Evangelical Christian Church of Waterbury Inc ($257k) and North Bay Rowing Club ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $12k (4.7% of expenses). Other salaries and wages came to $92k. At year end it held assets of $973k against liabilities of $107k, net assets of $866k. It reported 6 employees.