Hard Bargain Mt Hope Redevelopment Inc

Analysis

Hard Bargain Mt Hope Redevelopment Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Hard Bargain Mt Hope Redevelopment Inc reported income of $611k and spending of $433k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $611k (+153%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hard Bargain Mt Hope Redevelopment Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Senior Citizens Housing Development Corporation of Mt Lebanon ($611k), Mt Pleasant Community Development Corporation ($611k) and Building and Impacting Communities Inc ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $82k (19% of expenses). Other salaries and wages came to $86k. At year end it held assets of $2.0m against liabilities of $1.0m, net assets of $966k. It reported 2 employees.