Hope Fair Housing Center

Analysis

Hope Fair Housing Center is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in January 1970, 56 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Fair Housing Center reported income of $961k and spending of $927k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $961k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income rose by 281%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Fair Housing Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include NCC Neumann Senior Housing Corporation ($961k), Lawndale Senior Housing Inc ($962k) and Housing Link ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $390k. At year end it held assets of $3.0m against liabilities of $284k, net assets of $2.7m. It reported 11 employees.