Hope Haven of Dekalb County Inc

Analysis

Hope Haven of Dekalb County Inc is a registered charity in United States, based in Dekalb, IL. It received its IRS tax-exemption ruling in May 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hope Haven of Dekalb County Inc reported income of $2.3m and spending of $1.8m, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $2.3m (+61%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Haven of Dekalb County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Kenilworth Parkside Resident Management Corporation ($2.3m), Veterans Legal Institute ($2.3m) and Casa Santa Maria ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $107k (5.9% of expenses). Other salaries and wages came to $895k. At year end it held assets of $2.8m against liabilities of $89k, net assets of $2.7m. It reported 40 employees.