Hope for Families Inc

Analysis

Hope for Families Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1995, 31 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, Hope for Families Inc reported income of $250k and spending of $249k, spending 99% of its income. Across the 3 years on record, from December 2018 to December 2023, income grew from $26k to $250k (+881%), an average of +213% a year. The sharpest change came in the year to December 2022, when income rose by 975%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Families Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Angel Heart Pajama Project ($250k), Angel Hair Foundation Inc ($250k) and Weaver Foundation-Georgia Mattson Memorial Shelter ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $28k, net assets of $45k.