Hopes Door

Analysis

Hopes Door is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in May 1986, 40 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 September 2023, Hopes Door reported income of $5.7m and spending of $5.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.6m to $5.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Door sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Hillcrest Ministries of Midamerica Inc ($5.7m), Assistance League of Los Angeles ($5.7m) and Young Womens Christian Assoc of Oahu ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 9.8% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $2.6m against liabilities of $801k, net assets of $1.7m. It reported 111 employees.