Hope Society Inc

Analysis

Hope Society Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in April 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Society Inc reported income of $143k and spending of $136k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $143k (+8.6%), an average of +8.6% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Society Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Inez Apartments Inc ($143k), Love N Kindness Community Development Corporation ($143k) and Neighborhood Development Enterprises Inc ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.