Hopehouse International Inc

Analysis

Hopehouse International Inc is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 May 2024, Hopehouse International Inc reported income of $547k and spending of $418k, leaving 24% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income fell from $740k to $547k (-26%), an average of -5.9% a year. The sharpest change came in the year to May 2022, when income rose by 213%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hopehouse International Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Mahindra Foundation ($546k), European Studies Association ($547k) and Blackbox International ($546k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $98k (24% of expenses). Other salaries and wages came to $56k. At year end it held assets of $1.2m against liabilities of $5,468, net assets of $1.2m. It reported 2 employees.