HTX Hope Haven

Analysis

HTX Hope Haven is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2016, 10 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, HTX Hope Haven reported income of $519k and spending of $440k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $519k (+129%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 130%. 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, HTX Hope Haven sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Sable Points Lighthouse Keepers Association ($519k), Marys House of Bread ($519k) and Cleveland Peacemakers Inc ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $346k (79% of expenses). At year end it held assets of $225k against liabilities of $6,974, net assets of $218k.