Belmeno Hope Harbor Housing

Analysis

Belmeno Hope Harbor Housing is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in July 2002, 24 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 June 2023, Belmeno Hope Harbor Housing reported income of $82k and spending of $130k, spending 160% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $81k to $82k (+0.8%), an average of +0.3% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belmeno Hope Harbor Housing sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Affordable Senior Housing of Westhampton Inc ($82k), Accessible Residences Inc ($82k) and Habitat for Humanity International Inc ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $680k against liabilities of $974k, net assets of -$294k.

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.