Hope-Homeless Outreach Providing Encouragement

Analysis

Hope-Homeless Outreach Providing Encouragement is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in June 2007, 19 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 December 2023, Hope-Homeless Outreach Providing Encouragement reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $680k to $1.3m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope-Homeless Outreach Providing Encouragement sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Anns Place Inc ($1.3m), Bearings Bike Shop Inc ($1.3m) and Spoon Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (5.6% of expenses). Other salaries and wages came to $760k. At year end it held assets of $660k against liabilities of $248k, net assets of $412k. It reported 42 employees.