Hope Hospitality and Warming Center Inc

Analysis

Hope Hospitality and Warming Center Inc is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in February 2002, 24 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 Hospitality and Warming Center Inc reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $991k to $1.7m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Hospitality and Warming Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Clearwater Neighborhood Housing Services Inc ($1.7m), Greater Enrichment Program Inc ($1.7m) and Asifa-Hollywood ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $977k (62% of expenses). At year end it held assets of $932k against liabilities of $79k, net assets of $853k. It reported 67 employees.