Hope Street

Analysis

Hope Street is a registered charity in United States, based in Walla Walla, WA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 reported income of $293k and spending of $192k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $293k (+21%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Street sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Chickasha Soup Kitchen ($293k), Guardian Payee Services Inc ($293k) and Corpsthat Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $64k (34% of expenses). Other salaries and wages came to $58k. At year end it held assets of $572k against liabilities of $4,880, net assets of $567k. It reported 3 employees.