Sarasota Hope House Inc

Analysis

Sarasota Hope House Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Sarasota Hope House Inc reported income of $465k and spending of $502k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $465k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sarasota Hope House Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include International Theological Education Ministries Inc ($465k), Operation Resolute Inc ($465k) and Pentecostal Church of Philadelphiainc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (18% of expenses). Other salaries and wages came to $96k. At year end it held assets of $916k against liabilities of $453k, net assets of $462k. It reported 3 employees.