Hiram House

Analysis

Hiram House is a registered charity in United States, based in Moreland HLS, OH. It received its IRS tax-exemption ruling in May 1938, 88 years ago. 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, Hiram House reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hiram House sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include New Harvest Inc ($1.7m), Plano Community Home Incorporated ($1.7m) and United Way of Haywood County Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $114k (6.3% of expenses). Other salaries and wages came to $578k. At year end it held assets of $14.9m against liabilities of $164k, net assets of $14.8m. It reported 76 employees.