Hope Station

Analysis

Hope Station is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hope Station reported income of $145k and spending of $113k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $145k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Station sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Clear Creek Court Community ($145k), Newport Reno Supportive Housing Inc ($145k) and Fox Township Manor Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.