Sheris House of Hope Inc

Analysis

Sheris House of Hope Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Sheris House of Hope Inc reported income of $341k and spending of $272k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $341k (+206%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 110% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Sheris House of Hope Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Womens Suffrage Celebration Coalition of Massachusetts Inc ($340k), Women and Girls Foundation of Southwest Pennsylvania ($341k) and John D Moore Housing Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $61k (22% of expenses). Other salaries and wages came to $66k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 10 employees.