Homes Build Hope Inc

Analysis

Homes Build Hope Inc is a registered charity in United States, based in Greensburg, PA. It received its IRS tax-exemption ruling in January 1993, 33 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 June 2024, Homes Build Hope Inc reported income of $2.2m and spending of $1.5m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $839k to $2.2m (+166%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 112%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes Build Hope Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Stovall Housing Corporation ($2.2m), Central California Senior Housing Inc ($2.2m) and Housing Solutions for the Southwest Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $123k (8.4% of expenses). Other salaries and wages came to $272k. At year end it held assets of $11.6m against liabilities of $4.1m, net assets of $7.6m. It reported 9 employees.