Honoring Hope and Faith Rescue Inc

Analysis

Honoring Hope and Faith Rescue Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Honoring Hope and Faith Rescue Inc reported income of $92k and spending of $108k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $188k to $92k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 104% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Honoring Hope and Faith Rescue Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Wags Rescue - Wayne and Glynn Surroundings Rescue Inc ($92k), Rhino Conservation Partners ($92k) and Paws Rescue ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $29k against liabilities of $6,232, net assets of $23k.