Progressive Hope House Inc

Analysis

Progressive Hope House Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Progressive Hope House Inc reported income of $386k and spending of $380k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $386k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Progressive Hope House Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Saint Elizabeth Terrace Warwick ($386k), St Timothy Park Apartments Inc ($387k) and Sebco Vip Housing Development Fund Company Inc ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. At year end it held assets of $2.2m against liabilities of $49k, net assets of $2.2m.