Warehouse of Hope Inc

Analysis

Warehouse of Hope Inc is a registered charity in United States, based in Douglasville, GA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Warehouse of Hope Inc reported income of $277k and spending of $316k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $277k (+2.4%), an average of +0.6% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Warehouse of Hope Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Deep City Water Lodge 751 Charties Incorporated ($277k), Visually Impaired Foundation of Georgia Inc ($277k) and Walker Area Community Center ($277k).

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 $41k (13% of expenses). Other salaries and wages came to $26k. At year end it held assets of $501k against liabilities of $1,736, net assets of $499k. It reported 3 employees.