Hope House Day Care Center Inc

Analysis

Hope House Day Care Center Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1995, 31 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 June 2024, Hope House Day Care Center Inc reported income of $6.2m and spending of $5.8m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $6.2m (+92%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House Day Care Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Wayforward Resources Inc ($6.2m), Corpsafrica ($6.2m) and The Childrens Shelter ($6.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $352k (6.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.5m against liabilities of $879k, net assets of $3.6m. It reported 46 employees.