Hope for Homes Program Inc

Analysis

Hope for Homes Program Inc is a registered charity in United States, based in Fountain HLS, AZ. It received its IRS tax-exemption ruling in October 2014, 12 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, Hope for Homes Program Inc reported income of $143k and spending of $152k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $143k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Homes Program Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within AZ. Charities of a similar size with the same main cause include National Institute for Jewish ($143k), Project Heart Inc ($143k) and Oxford Babe Ruth ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. At year end it held assets of $4,924 against liabilities of $46k, net assets of -$41k.