H O P E Gagnon Housing Corporation

Analysis

H O P E Gagnon Housing Corporation is a registered charity in United States, based in Oxon Hill, MD. It received its IRS tax-exemption ruling in December 1987, 39 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 June 2023, H O P E Gagnon Housing Corporation reported income of $157k and spending of $143k, spending 91% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $161k to $157k (-2.5%), an average of -1.3% a year. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, H O P E Gagnon Housing Corporation 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 Her Infinite Worth Inc ($157k), Hope Found of Northeast Arkansas ($157k) and Doing Good Together ($157k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $301k against liabilities of $246k, net assets of $55k.