House of Hope Inc

Analysis

House of Hope Inc is a registered charity in United States, based in McHenry, MD. It received its IRS tax-exemption ruling in May 1980, 46 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 June 2023, House of Hope Inc reported income of $159k and spending of $128k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $291k to $159k (-45%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Hope Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Institute for Responsible Online and Cell-Phone Communicatio ($159k), Waldoboro Food Pantry ($159k) and Western Upper Peninsula Food Bank Inc ($159k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $71k (55% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 2 employees.