House of Hope Inc

Analysis

House of Hope Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, House of Hope Inc reported income of $1.3m and spending of $2.2m, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $1.3m (-75%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, House of Hope Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Cancer 101 Inc ($1.3m), Luminis Health Doctors Community Medical Center Foundation Inc ($1.3m) and Tacoma Orthopedic Association Operations & Maintenance TR ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $364k (16% of expenses). Other salaries and wages came to $900k. At year end it held assets of $1.9m against liabilities of $706k, net assets of $1.2m. It reported 52 employees.