Bringing Hope Home Inc

Analysis

Bringing Hope Home Inc is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Bringing Hope Home Inc reported income of $2.7m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bringing Hope Home Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Journeys Counseling Ministry ($2.7m), National Institute for Health Care Management Research Educ FDN ($2.7m) and Life Centers Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $120k (4.4% of expenses). Other salaries and wages came to $595k. At year end it held assets of $682k against liabilities of $205k, net assets of $477k. It reported 12 employees.