Hope Housing Inc

Analysis

Hope Housing Inc is a registered charity in United States, based in Vinita, OK. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope Housing Inc reported income of $181k and spending of $216k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $148k to $181k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Housing Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within OK. Charities of a similar size with the same main cause include Hot Spring County R O S E Inc ($181k), Community Helping Hands North Inc ($181k) and Ambassadors of Fathers House ($181k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $50k. At year end it held assets of $356k against liabilities of $880k, net assets of -$524k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.