Hellinghausen Hope Inc

Analysis

Hellinghausen Hope Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in February 2002, 24 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, Hellinghausen Hope Inc reported income of $1.0m and spending of $622k, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $644k to $1.0m (+62%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 69%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hellinghausen Hope Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Indiana Disciples Housing ($1.0m), Greater St Stephen Housing Dev Corp ($1.0m) and Greater Kansas City Coalition to End Homelessness ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $15k (2.4% of expenses). Other salaries and wages came to $110k. At year end it held assets of $4.0m against liabilities of $17k, net assets of $4.0m. It reported 5 employees.