Hope & a Future III Inc

Analysis

Hope & a Future III Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope & a Future III Inc reported income of $523k and spending of $385k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $523k (+105%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope & a Future III Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Malmaison Villas Inc ($523k), United for Life to His Glory ($523k) and East San Gabriel Valley Coalition for the Homeless ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $62k (16% of expenses). Other salaries and wages came to $148k. At year end it held assets of $1.4m against liabilities of $691k, net assets of $724k. It reported 16 employees.