Gratiot County Hope House

Analysis

Gratiot County Hope House is a registered charity in United States, based in Saint Louis, MI. It received its IRS tax-exemption ruling in November 2018, 8 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, Gratiot County Hope House reported income of $420k and spending of $327k, leaving 22% of income unspent that year. Across the 3 years on record, from May 2022 to September 2023, income grew from $367k to $420k (+14%), an average of +6.9% a year. The sharpest change came in the year to September 2023, when income rose by 444%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gratiot County Hope House sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Gods Way Home Inc ($420k), Memorial Hospital and Homes Association Inc ($420k) and Sunshine of Warren-Trumbull Area Inc ($420k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $75k (23% of expenses). Other salaries and wages came to $151k. At year end it held assets of $252k against liabilities of $13k, net assets of $238k.