Hope Harbor Inc

Analysis

Hope Harbor Inc is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Harbor Inc reported income of $190k and spending of $234k, spending 123% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $215k to $190k (-12%), an average of -2.4% a year. The sharpest change came in the year to December 2019, when income rose by 102%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Harbor Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include North Georgia Interfaith Ministries Inc ($190k), Columbia Hope Inchrist Inc ($190k) and Tarrant Net ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $84k (36% of expenses). Other salaries and wages came to $49k. At year end it held assets of $674k against liabilities of $13k, net assets of $661k. It reported 4 employees.

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.