Hope House Inc

Analysis

Hope House Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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, Hope House Inc reported income of $460k and spending of $461k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $395k to $460k (+17%), an average of +3.9% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope House Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include Northwest Community Center ($460k), Van Buren County-Aging Program Inc ($460k) and Kingman Center for the Arts ($460k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $192k (42% of expenses). Other salaries and wages came to $33k. At year end it held assets of $615k against liabilities of $688, net assets of $614k. It reported 7 employees.