Hope Southern Indiana Inc

Analysis

Hope Southern Indiana Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in January 1974, 52 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 June 2023, Hope Southern Indiana Inc reported income of $1.9m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Southern Indiana Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Clark County Community Services ($1.9m), J-Sei-Inc ($1.9m) and Hispanic Services Council Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $87k (4.6% of expenses). Other salaries and wages came to $307k. At year end it held assets of $2.0m against liabilities of $149k, net assets of $1.9m. It reported 13 employees.