Grandmas House of Hope

Analysis

Grandmas House of Hope is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in February 2008, 18 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 December 2023, Grandmas House of Hope reported income of $3.8m and spending of $3.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $3.8m (-9.1%), an average of -2.3% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grandmas House of Hope sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Brighton Beach Housing Development Fund Company Inc ($3.8m), Liberty Community Land Trust ($3.8m) and Northeast Brooklyn Housing Development Corporation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $68k (1.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.7m against liabilities of $4.0m, net assets of $740k. It reported 63 employees.