Hope Harbor Inc

Analysis

Hope Harbor Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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 June 2024, Hope Harbor Inc reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Harbor Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Center for Governmental Research Inc ($1.6m), S E M Villa II Inc ($1.6m) and Bethany Community Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $741k. At year end it held assets of $979k against liabilities of $72k, net assets of $906k. It reported 21 employees.