Village of Hope Inc

Analysis

Village of Hope Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in October 1989, 37 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 June 2023, Village of Hope Inc reported income of $359k and spending of $449k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $316k to $359k (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village of Hope Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include New Life Center for Change ($359k), United Church Residences of Immokalee Florida Inc ($360k) and Salvation Army Colorado Springs II Residences Inc ($359k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 9.3% of the total. Other salaries and wages came to $207k. At year end it held assets of $608k against liabilities of $8,729, net assets of $599k. It reported 7 employees.