Hope Harbor

Analysis

Hope Harbor is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Harbor reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Harbor sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Chattanooga Rescue Mission ($1.4m), John W King Senior Community ($1.4m) and The National Energy and Utility Affordability Coalition ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 17% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.8m against liabilities of $168k, net assets of $1.6m. It reported 65 employees.