Pure Hope Foundation

Analysis

Pure Hope Foundation is a registered charity in United States, based in Mt Vernon, TX. It received its IRS tax-exemption ruling in March 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, Pure Hope Foundation reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $1.2m (+154%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 840%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pure Hope Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include New Home Development Co Inc ($1.2m), San Antonio for Growth on the Eastside Inc ($1.2m) and Beacon Housing Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $136k (13% of expenses). Other salaries and wages came to $219k. At year end it held assets of $5.5m against liabilities of $111k, net assets of $5.4m. It reported 34 employees.