Hope Haven Area Development Center Corporation

Analysis

Hope Haven Area Development Center Corporation is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hope Haven Area Development Center Corporation reported income of $15.6m and spending of $15.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.8m to $15.6m (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Haven Area Development Center Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Midnight Mission ($15.6m), Community Services League of Jackson County ($15.6m) and Jewish Guild for the Blind ($15.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 85% of the total. Other salaries and wages came to $9.8m. At year end it held assets of $13.1m against liabilities of $1.7m, net assets of $11.3m. It reported 444 employees.