Findlay Hope House for the Homeless Inc

Analysis

Findlay Hope House for the Homeless Inc is a registered charity in United States, based in Findlay, OH. It received its IRS tax-exemption ruling in April 1991, 35 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, Findlay Hope House for the Homeless Inc reported income of $1.7m and spending of $1.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Findlay Hope House for the Homeless Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Trustees of the Young Womans Christian Home ($1.7m), Columbia Non-Profit Housing ($1.7m) and Erie Regional Housing Development Corp ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $107k (6.8% of expenses). Other salaries and wages came to $475k. At year end it held assets of $1.4m against liabilities of $129k, net assets of $1.3m. It reported 22 employees.