Home of Hope

Analysis

Home of Hope is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 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, Home of Hope reported income of $3.2m and spending of $815k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $3.2m (+3114%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 490%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home of Hope sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include The Childrens Advocacy Center of Delaware Inc ($3.2m), Cambridge Community Center ($3.2m) and BRGT Horz Resources for Survs of Domest Violence & Sexual Assault I ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $43k (5.2% of expenses). Other salaries and wages came to $453k. At year end it held assets of $3.6m against liabilities of $109k, net assets of $3.5m. It reported 26 employees.