Homes of Hope Charitable Foundation Inc

Analysis

Homes of Hope Charitable Foundation Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in September 1994, 32 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, Homes of Hope Charitable Foundation Inc reported income of $114k and spending of $90k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $114k (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes of Hope Charitable Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Great American Duck Race of Deming Inc ($114k), Blessed Sacrament Sisters of Charity Inc ($114k) and Saint Peter Claver Foundation ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $795k against liabilities of $0, net assets of $795k.