Whispering Hope Inc

Analysis

Whispering Hope Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, Whispering Hope Inc reported income of $102k and spending of $359k, spending 352% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $298k to $102k (-66%), an average of -30% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Whispering Hope Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within LA. Charities of a similar size with the same main cause include Spirit of Vincennes Inc ($102k), Overlea Homes Inc ($102k) and Stepping Stones of Windsor ($102k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $88k. At year end it held assets of $3.6m against liabilities of $823k, net assets of $2.8m. It reported 2 employees.