Hope House of McAlester Inc

Analysis

Hope House of McAlester Inc is a registered charity in United States, based in McAlester, OK. It received its IRS tax-exemption ruling in August 2008, 18 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, Hope House of McAlester Inc reported income of $256k and spending of $298k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $256k (+210%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 451%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope House of McAlester Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within OK. Charities of a similar size with the same main cause include Urban Health Inc ($256k), Asi Redruth Inc ($256k) and Helena Elderhousing Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $32k (11% of expenses). Other salaries and wages came to $136k. At year end it held assets of $1.1m against liabilities of $3,883, net assets of $1.1m. It reported 8 employees.