Hope House of Central Louisiana

Analysis

Hope House of Central Louisiana is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in September 2000, 26 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 December 2023, Hope House of Central Louisiana reported income of $618k and spending of $623k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $595k to $618k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope House of Central Louisiana sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Notre Dame de LA Mer Inc ($618k), Ridgeview Terrace Affordable Housing Inc ($618k) and SNHS Farmington Elderly Housing Inc ($618k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 3.9% of the total. Other salaries and wages came to $341k. At year end it held assets of $1.7m against liabilities of $699k, net assets of $1.0m. It reported 32 employees.