Homes of Hope

Analysis

Homes of Hope is a registered charity in United States, based in Lewiston, ID. It received its IRS tax-exemption ruling in February 2010, 16 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, Homes of Hope reported income of $135k and spending of $162k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $185k to $135k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes of Hope sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within ID. Charities of a similar size with the same main cause include Girls Justice League ($135k), Kewaunee County Food Pantry ($135k) and Cafe Esperanza ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $76k against liabilities of $135, net assets of $76k.