Hope Shelter Inc

Analysis

Hope Shelter Inc is a registered charity in United States, based in Jonesboro, GA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Shelter Inc reported income of $123k and spending of $97k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $123k (+13%), an average of +13% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Shelter Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Real Food Inc ($123k), McKinley Community ($123k) and Naugatuck Economic Development Corporation ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.