Place of Hope Inc

Analysis

Place of Hope Inc is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Place of Hope Inc reported income of $784k and spending of $844k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $626k to $784k (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Place of Hope Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Kwang He Won Health Center ($784k), Comprehensive Recovery Services Inc ($784k) and Integrity Partners for Behavioral Health Ipa Inc ($783k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $373k. At year end it held assets of $1.7m against liabilities of $6,399, net assets of $1.7m. It reported 15 employees.