Hope House of St Croix Valley

Analysis

Hope House of St Croix Valley is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in September 1991, 35 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 St Croix Valley reported income of $495k and spending of $784k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $639k to $495k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 120% 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 St Croix Valley 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 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Wayne Densch Center Inc ($495k), Access House Inc ($495k) and National Church Residences ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $110k (14% of expenses). Other salaries and wages came to $324k. At year end it held assets of $782k against liabilities of $16k, net assets of $766k. It reported 26 employees.

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.