Herrin House of Hope

Analysis

Herrin House of Hope is a registered charity in United States, based in Herrin, IL. It received its IRS tax-exemption ruling in September 2012, 14 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, Herrin House of Hope reported income of $459k and spending of $346k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $243k to $459k (+89%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Herrin House of Hope sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Migrant Farmworkers Assistance Fund ($459k), Grow2zero Farms ($459k) and Guilford Green Foundation ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $48k (14% of expenses). Other salaries and wages came to $90k. At year end it held assets of $403k against liabilities of $132k, net assets of $271k. It reported 16 employees.