Hope Haven Industries Inc

Analysis

Hope Haven Industries Inc is a registered charity in United States, based in Chillicothe, MO. It received its IRS tax-exemption ruling in January 1968, 58 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 June 2023, Hope Haven Industries Inc reported income of $751k and spending of $757k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $751k (+62%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 119%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Haven Industries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within MO. Charities of a similar size with the same main cause include Mycatholicdoctor Foundation Inc ($751k), Indiana Elks Charities Inc ($751k) and Samaritan Counseling Center of the Southern Tier Inc ($750k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.8m against liabilities of $587k, net assets of $1.2m. It reported 49 employees.