Hope Comes Home

Analysis

Hope Comes Home is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Comes Home reported income of $264k and spending of $251k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $200k to $264k (+32%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Comes Home sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Ivy Foundation of Montgomery Alabama Inc ($263k), The Hope Center Inc ($264k) and Mount Hope Montessori School Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $177k against liabilities of $5,232, net assets of $171k.