Homes of Hope of Bedford County Inc

Analysis

Homes of Hope of Bedford County Inc is a registered charity in United States, based in Shelbyville, TN. It received its IRS tax-exemption ruling in October 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 2023, Homes of Hope of Bedford County Inc reported income of $64k and spending of $37k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $64k (-15%), an average of -15% a year. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes of Hope of Bedford County Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Grass Roots Organization for the Well Being of Seniors Inc ($64k), Life Academy Romania Inc ($64k) and Flathead Association of Senior Citizens Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.