House of Hope Maryland Incorporated

Analysis

House of Hope Maryland Incorporated is a registered charity in United States, based in Brinklow, MD. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, House of Hope Maryland Incorporated reported income of $133k and spending of $106k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $133k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Hope Maryland Incorporated sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Worldwide Marriage Encounter Section 3 Inc ($133k), Organization for International Development ($133k) and Shepherds Staff Inc ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 13% of the total. At year end it held assets of $70k against liabilities of $6,500, net assets of $64k.