House of Hope of Ocean County Inc

Analysis

House of Hope of Ocean County Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in February 2005, 21 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, House of Hope of Ocean County Inc reported income of $153k and spending of $235k, spending 153% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $259k to $153k (-41%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Hope of Ocean County Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Young at Heart Senior Center Inc ($153k), Humanitarian Distribution Centerinc ($153k) and Hope and Friendship Ministries ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $68k against liabilities of $5,861, net assets of $62k. It reported 5 employees.