Hope House

Analysis

Hope House is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in February 2002, 24 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 December 2023, Hope House reported income of $154k and spending of $148k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $154k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Gyo Greens Farms Inc ($154k), Christmas for Kids ($154k) and No Heart Left Behind Foundation ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (16% of expenses). At year end it held assets of $362k against liabilities of $2,082, net assets of $360k.