Madison County House of Hope Inc

Analysis

Madison County House of Hope Inc is a registered charity in United States, based in Madisonville, TX. It received its IRS tax-exemption ruling in July 2011, 15 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 December 2022, Madison County House of Hope Inc reported income of $423k and spending of $408k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $358k to $423k (+18%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison County House of Hope Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Forget Me Not Childrens Services ($422k), Joelton Hope Center ($423k) and Simple Needs Ga ($422k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $91k. At year end it held assets of $715k against liabilities of $1,928, net assets of $713k. It reported 10 employees.