Our Home of Hope Inc

Analysis

Our Home of Hope Inc is a registered charity in United States, based in Columbia, PA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Home of Hope Inc reported income of $686k and spending of $743k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $634k to $686k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Home of Hope Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Logan County Good Samaritan Incorporated ($686k), Assistance League of Newport-Mesa ($686k) and Stone Soup Inc ($686k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $73k (9.8% of expenses). Other salaries and wages came to $347k. At year end it held assets of $652k against liabilities of $76k, net assets of $577k. It reported 33 employees.