Hope House Inc

Analysis

Hope House Inc is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Hope House Inc reported income of $8.4m and spending of $7.6m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.2m to $8.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Living Hope Incorporated ($8.4m), Child Nutrition Inc ($8.4m) and Kids Food Basket ($8.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $260k (3.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $8.7m against liabilities of $633k, net assets of $8.1m. It reported 103 employees.