Hope to Home Furniture Resource

Analysis

Hope to Home Furniture Resource is a registered charity in United States, based in Isle of Palms, SC. It received its IRS tax-exemption ruling in September 2012, 14 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 December 2023, Hope to Home Furniture Resource reported income of $243k and spending of $232k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $212k to $243k (+15%), an average of +14% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope to Home Furniture Resource sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include Maxcen -Maxmath Women Society Inc ($243k), Fields to Families ($243k) and Emmaus House ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.