Hope House I Inc

Analysis

Hope House I Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in June 1975, 51 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 December 2023, Hope House I Inc reported income of $340k and spending of $308k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $340k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House I Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include LCS Foundation ($340k), Lyon County Community Childcare Inc ($340k) and Forward Foundation Va ($340k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $496k against liabilities of $16k, net assets of $479k.