Partners in Hope Inc

Analysis

Partners in Hope Inc is a registered charity in United States, based in Loris, SC. It received its IRS tax-exemption ruling in November 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 2022, Partners in Hope Inc reported income of $2.7m and spending of $3.8m, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.3m to $2.7m (-18%), an average of -6.5% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partners in Hope Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Oakland Community Land Trust ($2.7m), Shelter Housing Corporation ($2.7m) and Longfellow Avenue Housing Development Fund Co Inc ($2.7m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $10.3m against liabilities of $15.4m, net assets of -$5.1m. It reported 199 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.