Star of Hope Mission

Analysis

Star of Hope Mission is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Star of Hope Mission reported income of $27.6m and spending of $33.4m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.1m to $27.6m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Star of Hope Mission sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Foss Home & Villiage ($27.4m), Sun Health Grandview Terrace ($27.7m) and Dsi Diversified Solutions Inc ($27.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.6m (4.8% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $82.8m against liabilities of $11.5m, net assets of $71.3m. It reported 264 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.