H C Signs of Hope Inc

Analysis

H C Signs of Hope Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in July 2013, 13 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, H C Signs of Hope Inc reported income of $3.3m and spending of $3.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.3m (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, H C Signs of Hope Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Nu-Dimensions Inc ($3.3m), Lincoln Park Community Services ($3.3m) and HCP of Illinois Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $114k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $9,015. It reported 85 employees.