Hope Street of Siouxland

Analysis

Hope Street of Siouxland is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in June 2020, 6 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, Hope Street of Siouxland reported income of $241k and spending of $270k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $317k to $241k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Street of Siouxland sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include St Genevieves Village Housing Inc ($241k), New Beginnings for Gilmer County ($241k) and Chugiak Senior Housing Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 18% of the total. At year end it held assets of $325k against liabilities of $60k, net assets of $265k.