Hope Housing Inc

Analysis

Hope Housing Inc is a registered charity in United States, based in Chesterfield, SC. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Inc reported income of $60k and spending of $78k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $52k to $60k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Housing Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 30th percentile within SC. Charities of a similar size with the same main cause include Sunset Apartments ($60k), Pleasant Pittsfield Inc ($60k) and Lorien Homes Inc ($60k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $6,624. At year end it held assets of $129k against liabilities of $7,538, net assets of $122k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.