Hope Springs Incorporated

Analysis

Hope Springs Incorporated is a registered charity in United States, based in Attica, IN. It received its IRS tax-exemption ruling in June 2015, 11 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 (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 Springs Incorporated reported income of $591k and spending of $573k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $591k (+66%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Springs Incorporated sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include East Detroit Area Non-Profit Housing Corporation ($591k), Scriber Pointe Senior Housing Association ($592k) and Darke County Housing Corporation ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $290k. At year end it held assets of $350k against liabilities of $24k, net assets of $326k. It reported 16 employees.