Hopes Front Door

Analysis

Hopes Front Door is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in April 2004, 22 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 June 2023, Hopes Front Door reported income of $314k and spending of $319k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $197k to $314k (+60%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Front Door sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include David Johnsons Mission 31 Foundation Inc ($314k), Green Tree Charity a NJ Nonprofit Corporation ($314k) and Musically Fed ($314k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $78k (24% of expenses). Other salaries and wages came to $52k. At year end it held assets of $297k against liabilities of $0, net assets of $297k. It reported 4 employees.