Hopeful Solution

Analysis

Hopeful Solution is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2006, 20 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, Hopeful Solution reported income of $70k and spending of $121k, spending 173% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $70k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 220% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hopeful Solution sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Spectrum Haworth Home Inc ($70k), Regenesis Community Developement Corporation ($70k) and Haymaker Development Group ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.3% of the total. At year end it held assets of $141k against liabilities of $289k, net assets of -$148k.