Hope Partnership Inc

Analysis

Hope Partnership Inc is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in January 2014, 12 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 September 2023, Hope Partnership Inc reported income of $3.9m and spending of $2.6m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income grew from $1.9m to $3.9m (+107%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 106%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Partnership Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Shore Area Community Development Corporation ($3.9m), Bethany Center Senior Housing Inc ($3.9m) and Habitat for Humanity International Inc ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $388k (15% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.3m against liabilities of $1.2m, net assets of $5.1m. It reported 34 employees.