Houses with Hope Inc

Analysis

Houses with Hope Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Houses with Hope Inc reported income of $293k and spending of $299k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $326k to $293k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Houses with Hope Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include Zack Heger Foundation Inc ($293k), Graham Hospital Foundation ($293k) and Healing Kadi Foundation ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $31k in professional fundraising fees. At year end it held assets of $215k against liabilities of $178k, net assets of $37k.