Hope House Inc

Analysis

Hope House Inc is a registered charity in United States, based in Marsing, ID. It received its IRS tax-exemption ruling in November 1981, 45 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 April 2024, Hope House Inc reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income fell from $1.6m to $1.5m (-7.6%), an average of -1.6% a year. The sharpest change came in the year to April 2022, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within ID. Charities of a similar size with the same main cause include Meals on Wheels of Long Beach Inc ($1.5m), Community Cancer Fund ($1.5m) and Soww Corp ($1.5m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $465k. At year end it held assets of $2.6m against liabilities of $1,901, net assets of $2.6m. It reported 34 employees.