House of Blue Hope Foundation Inc

Analysis

House of Blue Hope Foundation Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2009, 17 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 June 2023, House of Blue Hope Foundation Inc reported income of $214k and spending of $191k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $187k to $214k (+14%), an average of +14% a year. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Blue Hope Foundation 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 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Bounce Back of Indiana Inc ($214k), A Little Taste of Everything Inc ($214k) and Senior Center Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $255k against liabilities of $0, net assets of $255k.