Hopes Crossing

Analysis

Hopes Crossing is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2011, 15 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 December 2023, Hopes Crossing reported income of $74k and spending of $67k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $74k (+12%), an average of +12% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hopes Crossing sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within AZ. Charities of a similar size with the same main cause include Tsi Properties I Inc ($74k), Abilities at Woodside Inc ($74k) and Arcadia Haven Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $1,150. At year end it held assets of $28k against liabilities of $4,111, net assets of $24k.