Sanctified Hope Inc

Analysis

Sanctified Hope Inc is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in November 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, Sanctified Hope Inc reported income of $501k and spending of $382k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $501k (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sanctified Hope Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Mid-Peninsula Oroysom Senior Housing Inc ($501k), Habitat for Humanity International Inc ($501k) and Christian Manor II Inc ($501k).

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 $47k (12% of expenses). Other salaries and wages came to $115k. At year end it held assets of $580k against liabilities of $69k, net assets of $511k.