River of Hope House

Analysis

River of Hope House is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2022, 4 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, River of Hope House reported income of $68k and spending of $70k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $68k (-7.4%), an average of -7.4% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, River of Hope House sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within OR. Charities of a similar size with the same main cause include Enid Street Outreach Services Inc ($68k), Project Aware Inc ($68k) and LSS Housing Eau Claire Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. At year end it held assets of $17k against liabilities of $4,662, net assets of $12k.