Hope of Evansville Inc

Analysis

Hope of Evansville Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in March 1968, 58 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 September 2023, Hope of Evansville Inc reported income of $707k and spending of $819k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $384k to $707k (+84%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 61%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope of Evansville Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Gamelin Washington Association ($707k), United Services Housing Development Fund Corporation ($707k) and Providence St Elizabeth Association ($707k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 2.0% of the total. Other salaries and wages came to $436k. At year end it held assets of $1.7m against liabilities of $349k, net assets of $1.4m. It reported 7 employees.