Hope Harbor Housing Corporation

Analysis

Hope Harbor Housing Corporation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in March 1997, 29 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 June 2023, Hope Harbor Housing Corporation reported income of $75k and spending of $97k, spending 130% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $74k to $75k (+0.1%), an average of +0.1% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Harbor Housing Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Broadwater Place Inc ($74k), Azure Heights Nonprofit Corporation ($75k) and Ican Garden Apartments Inc ($74k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $308k against liabilities of $412k, net assets of -$103k.