Hotel Hope

Analysis

Hotel Hope is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2014, 12 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 (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, Hotel Hope reported income of $887k and spending of $685k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $702k to $887k (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hotel Hope sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Ahepa 302 Inc ($887k), Blessings Foundation Inc ($888k) and Columba Hall Housing Development Fund Corp ($887k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $259k. It paid $31k in professional fundraising fees. At year end it held assets of $4.2m against liabilities of $1.0m, net assets of $3.2m. It reported 2 employees.