United Hopes Inc

Analysis

United Hopes Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in March 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, United Hopes Inc reported income of $375k and spending of $410k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $375k (+18%), an average of +4.1% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Hopes Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Harriets House ($375k), Maple Lake Housing Development Corporation ($376k) and Rainbow Housing Texas Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $69k. At year end it held assets of $2.5m against liabilities of $1.6m, net assets of $908k.