Hopehouse Supportive and Transitional Living Inc

Analysis

Hopehouse Supportive and Transitional Living Inc is a registered charity in United States, based in Piedmont, OK. It received its IRS tax-exemption ruling in June 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, Hopehouse Supportive and Transitional Living Inc reported income of $1.5m and spending of $977k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $638k to $1.5m (+134%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hopehouse Supportive and Transitional Living Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Christ the King Housing Inc Dale Mabry Hwy ($1.5m), Middleton Glen Inc ($1.5m) and City Futures Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $28k (2.9% of expenses). Other salaries and wages came to $313k. At year end it held assets of $3.7m against liabilities of $588k, net assets of $3.1m. It reported 9 employees.