Hope Harbor Inc

Analysis

Hope Harbor Inc is a registered charity in United States, based in Claremore, OK. It received its IRS tax-exemption ruling in January 1951, 75 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 Harbor Inc reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.3m (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Harbor Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Greater Mount Airy Ministry of Hospitality ($1.3m), Community Farmers Markets Inc ($1.3m) and Save Our Allies ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $99k (8.4% of expenses). Other salaries and wages came to $481k. At year end it held assets of $3.3m against liabilities of $210k, net assets of $3.1m. It reported 17 employees.