Door of Hope Inc

Analysis

Door of Hope Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 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, Door of Hope Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $954k to $1.1m (+17%), an average of +4.0% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Door of Hope Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Survivor Resource Network ($1.1m), Christian Counseling Centers Inc ($1.1m) and Stanford Settlement Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $335k. At year end it held assets of $1.5m against liabilities of $14k, net assets of $1.5m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.