Hope Coalition

Analysis

Hope Coalition is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in July 1992, 34 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 September 2023, Hope Coalition reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.7m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to September 2021, when income rose by 97%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Coalition sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Catalyst for Change Inc ($1.7m), Home Line ($1.7m) and Woods Cooperative Association Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $904k. At year end it held assets of $1.2m against liabilities of $421k, net assets of $748k. It reported 33 employees.