Hope House Foundation Inc

Analysis

Hope House Foundation Inc is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in August 2005, 21 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 House Foundation Inc reported income of $908k and spending of $437k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $908k (+161%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope House Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Foundation for Rural Housing Inc ($908k), Williamstown Elderly Housing Corp ($908k) and Las Cruces Gospel Rescue Mission Inc ($908k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 2.7% of the total. Other salaries and wages came to $190k. At year end it held assets of $2.5m against liabilities of $12k, net assets of $2.5m. It reported 7 employees.