Caroles House of Hope Inc

Analysis

Caroles House of Hope Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Caroles House of Hope Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $1.1m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 165%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caroles House of Hope Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within NE. Charities of a similar size with the same main cause include LA Goal ($1.1m), Patronato Benefico Oriental of the United States ($1.1m) and Free Software Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $719k. At year end it held assets of $2.1m against liabilities of $2,881, net assets of $2.1m. It reported 26 employees.