Haven of Hope Inc

Analysis

Haven of Hope Inc is a registered charity in United States, based in Aptos, CA. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, Haven of Hope Inc reported income of $3.2m and spending of $2.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.2m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haven of Hope Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Zion Hills Inc ($3.2m), Jimmy Simpson Foundation ($3.2m) and House of Hope of the Pee Dee ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $143k (5.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $111k, net assets of $2.0m. It reported 67 employees.