Haven of Hope Inc

Analysis

Haven of Hope Inc is a registered charity in United States, based in Benton, KY. It received its IRS tax-exemption ruling in February 1998, 28 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 Inc reported income of $363k and spending of $356k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $363k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haven of Hope Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Indian Creek Caring Foundation ($363k), Hancock County Learning Center Inc ($363k) and Paradox Sports ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $49k (14% of expenses). Other salaries and wages came to $128k. At year end it held assets of $475k against liabilities of $179k, net assets of $296k.