Cottages of Hope Inc

Analysis

Cottages of Hope Inc is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in June 2008, 18 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, Cottages of Hope Inc reported income of $837k and spending of $711k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $837k (+168%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cottages of Hope Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within UT. Charities of a similar size with the same main cause include Marys Shelter ($837k), Pathway to the Future Learning Center Inc ($837k) and Lighthouse Ministries Inc ($837k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $324k. At year end it held assets of $310k against liabilities of $18k, net assets of $292k. It reported 5 employees.