House of Hope

Analysis

House of Hope is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, House of Hope reported income of $513k and spending of $460k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $513k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, House of Hope sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Suits Stilettos and Lipstick Foundation Inc ($513k), Kelly Anne Dolan Memorial Fund ($513k) and Brians Safehouse Inc ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $131k (28% of expenses). Other salaries and wages came to $224k. At year end it held assets of $594k against liabilities of $360k, net assets of $233k. It reported 14 employees.