Hope House of Scott County

Analysis

Hope House of Scott County is a registered charity in United States, based in Gate City, VA. It received its IRS tax-exemption ruling in April 2000, 26 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, Hope House of Scott County reported income of $444k and spending of $406k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $332k to $444k (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House of Scott County sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include RMDC Eagle Rock Inc ($444k), Newport Partnership for Families ($444k) and Selam Foundation ($444k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $227k. At year end it held assets of $264k against liabilities of $0, net assets of $264k. It reported 7 employees.