Homes of Hope for Children Inc

Analysis

Homes of Hope for Children Inc is a registered charity in United States, based in Purvis, MS. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Homes of Hope for Children Inc reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes of Hope for Children Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MS. Charities of a similar size with the same main cause include The Society of Saint Vincent de Paul Fort Worth Diocesan Council ($1.5m), Yjp Foundation Inc ($1.5m) and Centre Street Food Pantry Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $619k. At year end it held assets of $5.0m against liabilities of $63k, net assets of $5.0m. It reported 20 employees.