Dwelling House of Hope Inc

Analysis

Dwelling House of Hope Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Dwelling House of Hope Inc reported income of $447k and spending of $367k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $343k to $447k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dwelling House of Hope Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Epilepsy Coalition of New York State Inc ($447k), Family Promise of the Chippewa Valley Inc ($447k) and Data Foundation Inc ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $233k (64% of expenses). At year end it held assets of $299k against liabilities of $12k, net assets of $287k.