House of Hope of the Pee Dee

Analysis

House of Hope of the Pee Dee is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in August 1991, 35 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 2022, House of Hope of the Pee Dee reported income of $3.2m and spending of $2.2m, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.9m to $3.2m (+68%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Hope of the Pee Dee sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include The Kindersmile Foundation ($3.2m), Zion Hills Inc ($3.2m) and Helping Hands Hawaii ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $107k (4.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.6m against liabilities of $1.4m, net assets of $4.2m.