House of Hope of North Carolina Inc

Analysis

House of Hope of North Carolina Inc is a registered charity in United States, based in Clayton, NC. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, House of Hope of North Carolina Inc reported income of $818k and spending of $524k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $818k (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, House of Hope of North Carolina Inc sits at the 74th percentile: it is larger than about 74% 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 Friends of Christian Education Foundation ($818k), Agape Christian High School ($818k) and Pennsylvania Commission for Community Colleges ($818k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $82k (16% of expenses). Other salaries and wages came to $294k. At year end it held assets of $943k against liabilities of $1,993, net assets of $941k. It reported 14 employees.