Housing for Hope Inc

Analysis

Housing for Hope Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing for Hope Inc reported income of $1.3m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.3m (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing for Hope Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include Bet Shalom I Inc ($1.3m), 1228 Washington Avenue Housing Development Fund Company ($1.3m) and Plaza de Los Ancianos de Wilson Housing Development Fund Co Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $90k. At year end it held assets of $14.6m against liabilities of $10.6m, net assets of $4.0m.