Hope Safehouse Inc

Analysis

Hope Safehouse Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2023, Hope Safehouse Inc reported income of $165k and spending of $335k, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $276k to $165k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 124% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hope Safehouse Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Houston Cares Animal Rescue ($165k), Legacy of Hope Dog Rescue Inc ($165k) and Our Wild Neighbors Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $324k against liabilities of $0, net assets of $324k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.