Hope Villages of America Inc

Analysis

Hope Villages of America Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover human services, 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, Hope Villages of America Inc reported income of $12.5m and spending of $13.3m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to December 2023, income grew from $11.4m to $12.5m (+9.7%), an average of +2.3% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Villages of America Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Mount Olivet Home ($12.5m), Ascension Living Sherbrooke Village ($12.5m) and Community Human Services Corporation ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $191k (1.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.6m against liabilities of $896k, net assets of $4.7m. It reported 63 employees.