Homes for Hope

Analysis

Homes for Hope is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Homes for Hope reported income of $3.5m and spending of $3.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.5m (+224%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Homes for Hope sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include World Giving Foundation ($3.5m), Gibson Gives ($3.5m) and Community Foundation of South Central Wisconsin Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $121k (3.6% of expenses). Other salaries and wages came to $182k. At year end it held assets of $4.5m against liabilities of $431k, net assets of $4.0m. It reported 4 employees.