Hope Womens Shelter Inc

Analysis

Hope Womens Shelter Inc is a registered charity in United States, based in Mineral Wells, TX. It received its IRS tax-exemption ruling in August 1984, 42 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, Hope Womens Shelter Inc reported income of $723k and spending of $629k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $723k (+18%), an average of +4.3% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Womens Shelter Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Our Peaceful Living Inc ($723k), Thrift Shop Association of Ann Arbor ($723k) and Pine Plains Memorial Hall Inc ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $289k. At year end it held assets of $1.9m against liabilities of $23k, net assets of $1.8m. It reported 15 employees.