Hope House Inc

Analysis

Hope House Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Hope House Inc reported income of $2.8m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.8m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope House Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Acca Inc ($2.8m), Sunrise Centre Inc ($2.8m) and Logan County Paramedic Association Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (4.2% of expenses). At year end it held assets of $612k against liabilities of $961k, net assets of -$349k. It reported 60 employees.