Hope at the Brick House Inc

Analysis

Hope at the Brick House Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in December 2015, 11 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 at the Brick House Inc reported income of $360k and spending of $216k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $236k to $360k (+52%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope at the Brick House Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Impact Oklahoma Inc ($360k), House of the Good Shepherd of Memphis ($360k) and Loaves and Fishes New Haven Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $45k (21% of expenses). Other salaries and wages came to $88k. At year end it held assets of $463k against liabilities of $2,011, net assets of $461k. It reported 23 employees.