Hope House of Cherokee County Inc

Analysis

Hope House of Cherokee County Inc is a registered charity in United States, based in Tahlequah, OK. It received its IRS tax-exemption ruling in July 1990, 36 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 December 2022, Hope House of Cherokee County Inc reported income of $60k and spending of $76k, spending 127% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $115k to $60k (-48%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope House of Cherokee County Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within OK. Charities of a similar size with the same main cause include Friends of Residents in Long Term Care ($60k), Friends of Kohler Andrae State Park ($60k) and Greenville Area Economic Development Corporation ($60k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $8,916, net assets of $51k.