Hope House

Analysis

Hope House is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 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 2022, Hope House reported income of $274k and spending of $316k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $311k to $274k (-12%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Montana Veterans Meat Locker ($274k), Partners for Medical Relief ($274k) and North Georgia Family Counseling Centers ($274k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (22% of expenses). Other salaries and wages came to $56k. At year end it held assets of $97k against liabilities of $1,149, net assets of $95k.