House of Hope Inc

Analysis

House of Hope Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, House of Hope Inc reported income of $6.1m and spending of $4.9m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $6.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, House of Hope Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Open Medicine Foundation Inc ($6.1m), New Hampshire Childrens Trust Inc ($6.1m) and Tazwood Mental Health Center Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $486k (10.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.6m against liabilities of $369k, net assets of $5.3m. It reported 68 employees.