Haven of Hope Foundation Inc

Analysis

Haven of Hope Foundation Inc is a registered charity in United States, based in Coudersport, PA. It received its IRS tax-exemption ruling in December 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, Haven of Hope Foundation Inc reported income of $297k and spending of $276k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $297k (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 274%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haven of Hope Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include P E E P Inc ($297k), Helping Hands in Motion Inc ($298k) and Newbirth Outreach Center Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $533k against liabilities of $0, net assets of $533k.