Hope Housing Foundation

Analysis

Hope Housing Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in November 2000, 26 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 2021, Hope Housing Foundation reported income of $2.8m and spending of $5.2m, spending 188% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $2.5m to $2.8m (+13%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 217% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Housing Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include The Temple Foundation Inc ($2.8m), 3keys Inc ($2.8m) and Puertorriguenos Asociados for Community Organization Inc ($2.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 33% and program service revenue 50% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $20.2m against liabilities of $34.8m, net assets of -$14.6m.

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.