Hope Homes and Friends Inc

Analysis

Hope Homes and Friends Inc is a registered charity in United States, based in Langley, KY. It received its IRS tax-exemption ruling in March 2001, 25 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, Hope Homes and Friends Inc reported income of $125k and spending of $136k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $125k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Homes and Friends Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include River Cliff Manor Inc ($125k), Aidylberg I Inc ($125k) and Aasc II ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $8,577. At year end it held assets of $808k against liabilities of $919k, net assets of -$111k.

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.