Generating Hope Inc

Analysis

Generating Hope Inc is a registered charity in United States, based in Wapato, WA. It received its IRS tax-exemption ruling in April 2006, 20 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, Generating Hope Inc reported income of $360k and spending of $432k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $360k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 173%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Generating Hope Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Peoples Redevelopment Corporation ($360k), Access Senior Housing of Franklin Inc ($360k) and United Church Residences of Immokalee Florida Inc ($360k).

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 $163k. At year end it held assets of $141k against liabilities of $6,173, net assets of $135k. It reported 10 employees.