Hope Lives Here Inc

Analysis

Hope Lives Here Inc is a registered charity in United States, based in Holden, MA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Lives Here Inc reported income of $73k and spending of $35k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $73k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Lives Here Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Texas Scottish Rite Hospital for Children Foundation ($73k), South King Alano Club ($73k) and Conneaut Hospital Thrift Shop ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $169k against liabilities of $924, net assets of $168k.