St Hope Foundation Inc

Analysis

St Hope Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2000, 26 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, St Hope Foundation Inc reported income of $63.3m and spending of $61.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.7m to $63.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Hope Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Lifepath Inc ($63.2m), Ability Beyond Disability Inc ($63.4m) and Graceworks Lutheran Services ($63.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.8m (2.9% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $34.4m against liabilities of $12.5m, net assets of $21.8m. It reported 233 employees.