Hope Refuge Inc

Analysis

Hope Refuge Inc is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in August 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 (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 Refuge Inc reported income of $262k and spending of $246k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $527k to $262k (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 134%. 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, Hope Refuge Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Unforgotten Haven Inc ($262k), Al Folk Inc ($262k) and Strong Tower Orphanage Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. At year end it held assets of $169k against liabilities of -$65k, net assets of $233k.