Hope Haven Support Foundation

Analysis

Hope Haven Support Foundation is a registered charity in United States, based in Rock Valley, IA. It received its IRS tax-exemption ruling in August 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Haven Support Foundation reported income of $2.6m and spending of $2.1m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.1m to $2.6m (-15%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Haven Support Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include The Arc of the Mid-South ($2.6m), YWCA Metropolitan Phoenix ($2.6m) and United Way of South Central Tennessee ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $21.6m against liabilities of $1.5m, net assets of $20.1m.