Abilene Hope Haven Inc

Analysis

Abilene Hope Haven Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Abilene Hope Haven Inc reported income of $758k and spending of $828k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $509k to $758k (+49%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 43%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abilene Hope Haven Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Wesley-Asbury Inc ($758k), Causa Community Development Inc ($758k) and Abigails Place ($758k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $148k. At year end it held assets of $359k against liabilities of $44k, net assets of $315k. It reported 8 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.