Hancock Hope House Inc

Analysis

Hancock Hope House Inc is a registered charity in United States, based in Greenfield, IN. It received its IRS tax-exemption ruling in June 1992, 34 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, Hancock Hope House Inc reported income of $789k and spending of $542k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $384k to $789k (+105%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hancock Hope House 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 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Orford Village Housing Development Corporation ($789k), Resurrection House Inc ($789k) and Morrow County Services for Older Citizens Inc ($789k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $287k. At year end it held assets of $1.3m against liabilities of $47k, net assets of $1.2m. It reported 25 employees.