Loisanns Hope House

Analysis

Loisanns Hope House is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in November 1985, 41 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 2024, Loisanns Hope House reported income of $1.4m and spending of $1.4m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $978k to $1.4m (+46%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loisanns Hope House sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Circle Center Adult Day Services ($1.4m), Model City Day Care Center Inc ($1.4m) and Torture Abolition and Survivors Support Coalition International ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $80k (5.9% of expenses). Other salaries and wages came to $565k. At year end it held assets of $2.0m against liabilities of $66k, net assets of $2.0m. It reported 22 employees.