House of Hope

Analysis

House of Hope is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in December 2009, 17 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, House of Hope reported income of $711k and spending of $444k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $711k (+605%), an average of +63% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of Hope sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Evergreen Commons Inc ($711k), Raleigh Area Land Trust ($712k) and Menno Benevolent Association Inc ($710k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $55k (12% of expenses). Other salaries and wages came to $238k. It paid $750 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $6,230, net assets of $1.2m. It reported 24 employees.