House of Hope

Analysis

House of Hope is a registered charity in United States, based in Berwick, ME. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, 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, House of Hope reported income of $364k and spending of $82k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $364k (+456%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 218%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Hope sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include NW Sarcoma Foundation a Non-Profit Corporation ($364k), Korean American Senior Citizens Society of Greater N Y Inc ($364k) and Consumer Financial Education Foundation of America ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.3m against liabilities of $4,301, net assets of $2.3m.