Eight Days of Hope Inc

Analysis

Eight Days of Hope Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in July 2006, 20 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 December 2023, Eight Days of Hope Inc reported income of $7.3m and spending of $7.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $7.3m (+210%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eight Days of Hope Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MS. Charities of a similar size with the same main cause include Homeowners Rehab Inc ($7.3m), City Rescue Mission ($7.4m) and Park Place RHF Housing ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $267k (3.8% of expenses). Other salaries and wages came to $974k. At year end it held assets of $11.8m against liabilities of $130k, net assets of $11.7m. It reported 15 employees.