Harbor of Hope Mission

Analysis

Harbor of Hope Mission is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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, Harbor of Hope Mission reported income of $304k and spending of $263k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $304k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harbor of Hope Mission sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Central New York Laborers Training Fund ($304k), N B C U S a Housing Inc Eight ($304k) and Live Oak High School Band and Color Guard Boosters Club Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. At year end it held assets of $252k against liabilities of $0, net assets of $252k.