Hope of the Valley Rescue Mission

Analysis

Hope of the Valley Rescue Mission is a registered charity in United States, based in North Hills, CA. It received its IRS tax-exemption ruling in April 2010, 16 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 December 2023, Hope of the Valley Rescue Mission reported income of $119.4m and spending of $59.9m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $119.4m (+1448%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope of the Valley Rescue Mission sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Open Sky Community Services Inc ($119.3m), Roadrunner Food Bank Inc ($120.1m) and Catholic Charities Neighborhood Services Inc ($118.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $810k (1.4% of expenses). Other salaries and wages came to $25.5m. It paid $946k in professional fundraising fees. At year end it held assets of $138.5m against liabilities of $59.9m, net assets of $78.7m. It reported 945 employees.