Streets Hope

Analysis

Streets Hope is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 2003, 23 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, Streets Hope reported income of $938k and spending of $969k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $938k (+738%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 159%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Streets Hope sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Corona Life Services ($938k), Water Is Basic ($938k) and Meals on Wheels of Chemung County Inc ($938k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $100k (10% of expenses). Other salaries and wages came to $431k. It paid $4,834 in professional fundraising fees. At year end it held assets of $121k against liabilities of $199k, net assets of -$78k. It reported 12 employees.