House of Hope of Madison County Inc

Analysis

House of Hope of Madison County Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in September 1987, 39 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, House of Hope of Madison County Inc reported income of $457k and spending of $409k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $457k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, House of Hope of Madison County Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Washington County Historical Society ($457k), The Fuller Center for Housing Inc ($458k) and Lions of Pennsylvania Foundation ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $47k (12% of expenses). Other salaries and wages came to $81k. At year end it held assets of $320k against liabilities of $54k, net assets of $266k. It reported 8 employees.