Hesed House of Hope Inc

Analysis

Hesed House of Hope Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in January 2009, 17 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, Hesed House of Hope Inc reported income of $480k and spending of $339k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $480k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hesed House of Hope Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Mothers Home Inc ($479k), Order Our Step Inc ($480k) and Sowhope Org ($479k).

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 $155k. At year end it held assets of $831k against liabilities of $728, net assets of $830k. It reported 13 employees.