Hope Harbor Home Inc

Analysis

Hope Harbor Home Inc is a registered charity in United States, based in Supply, NC. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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, Hope Harbor Home Inc reported income of $829k and spending of $608k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $586k to $829k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Harbor Home Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Alameda Hospital Foundation ($829k), Glen Avon Hockey Club ($829k) and T Lafon Estate Trustees ($829k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $339k. At year end it held assets of $1.8m against liabilities of $86k, net assets of $1.7m. It reported 39 employees.