Home of Hope Inc

Analysis

Home of Hope Inc is a registered charity in United States, based in Vinita, OK. It received its IRS tax-exemption ruling in June 1968, 58 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, Home of Hope Inc reported income of $16.6m and spending of $18.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.1m to $16.6m (+18%), an average of +4.3% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home of Hope Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include Saint Anne of Winona ($16.6m), Challenged Athletes Inc ($16.7m) and Sunshine Village Inc ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $10.8m. At year end it held assets of $8.9m against liabilities of $4.1m, net assets of $4.8m. It reported 226 employees.