Corpus Christi Hope House Inc

Analysis

Corpus Christi Hope House Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in August 1988, 38 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 2023, Corpus Christi Hope House Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $843k to $1.3m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corpus Christi Hope House Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Grace Institute ($1.3m), Hawkins-Thompson Child Development Center Inc ($1.3m) and Florence Food Share ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $66k (5.0% of expenses). Other salaries and wages came to $325k. At year end it held assets of $2.6m against liabilities of $3,852, net assets of $2.6m. It reported 15 employees.