Hope House of Tennessee Inc

Analysis

Hope House of Tennessee Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 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 House of Tennessee Inc reported income of $260k and spending of $62k, leaving 76% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $90k to $260k (+190%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 581%. Over the whole period it spent 6.8% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope House of Tennessee Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Gp-Todco a California Nonprofit Corporation ($259k), Orlando Regional Realtor Foundation Inc ($260k) and Wesley at Adamsville Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $50k (81% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.