Hope Haven Incorporated

Analysis

Hope Haven Incorporated is a registered charity in United States, based in Rock Valley, IA. It received its IRS tax-exemption ruling in March 1967, 59 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Haven Incorporated reported income of $51.9m and spending of $49.5m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $45.6m to $51.9m (+14%), an average of +4.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Haven Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Big Sandy Health Care Inc ($51.7m), Royal Charter Properties Inc ($52.0m) and Network Recovery Services Inc ($51.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $629k (1.3% of expenses). Other salaries and wages came to $24.6m. At year end it held assets of $40.4m against liabilities of $4.5m, net assets of $35.9m. It reported 962 employees.