Village of Hope Inc

Analysis

Village of Hope Inc is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Village of Hope Inc reported income of $128k and spending of $179k, spending 140% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $110k to $128k (+16%), an average of +3.1% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village of Hope Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include American Legion-Seniors Unlimited Inc ($128k), Providence Place Carthage I Inc ($128k) and Shenandoah Apartments-Lafayette ($128k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $41k. At year end it held assets of $864k against liabilities of $32k, net assets of $832k. It reported 2 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.