Home Makers of Hope Inc

Analysis

Home Makers of Hope Inc is a registered charity in United States, based in Valrico, FL. It received its IRS tax-exemption ruling in June 2015, 11 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, Home Makers of Hope Inc reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $1.6m (+231%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Makers of Hope Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Habitat Omaha Affordable Mortgage Solutions Inc ($1.6m), Eastmont Community Center ($1.6m) and Youth at Heart Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $729k against liabilities of $0, net assets of $729k.