House of Hope of Alachua County Inc

Analysis

House of Hope of Alachua County Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in December 1997, 29 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, House of Hope of Alachua County Inc reported income of $123k and spending of $120k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $127k to $123k (-3.0%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, House of Hope of Alachua County Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Maynard Ministry ($123k), Renaissance Haitian Baptist Church ($123k) and Words of Hope Bible Ministries ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $65k (54% of expenses). At year end it held assets of $384k against liabilities of $110k, net assets of $274k. It reported 1 employees.