Hope House of Milwaukee Inc

Analysis

Hope House of Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 1988, 38 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 December 2023, Hope House of Milwaukee Inc reported income of $4.4m and spending of $4.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.4m (+151%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 200%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope House of Milwaukee Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include East L a Community Corporation ($4.4m), Non-Profit Housing Development Corporation of Lebanon County ($4.4m) and Hunters Woods Elderly Developments of Virginia Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $200k (4.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $8.9m against liabilities of $549k, net assets of $8.3m. It reported 48 employees.