House of Hope Inc

Analysis

House of Hope Inc is a registered charity in United States, based in Lexington, MO. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Inc reported income of $570k and spending of $614k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $617k to $570k (-7.6%), an average of -2.0% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of Hope Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within MO. Charities of a similar size with the same main cause include Gis Housing IV Inc ($570k), Three Rivers Housing Development Corporation ($570k) and Second Baptist Housing Association Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $400k. At year end it held assets of $639k against liabilities of $22k, net assets of $618k. It reported 15 employees.