Northeast Texas Heart of Hope

Analysis

Northeast Texas Heart of Hope is a registered charity in United States, based in Sulphur SPGS, TX. It received its IRS tax-exemption ruling in April 2013, 13 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, Northeast Texas Heart of Hope reported income of $241k and spending of $160k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $241k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northeast Texas Heart of Hope sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Hickory Nut Gorge Outreach Inc ($241k), Hastings Total Lifecare Center Inc ($241k) and Shepherd House Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $82k. At year end it held assets of $393k against liabilities of $69k, net assets of $324k. It reported 6 employees.