Hope and Home

Analysis

Hope and Home is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Hope and Home reported income of $9.6m and spending of $7.6m, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.2m to $9.6m (+54%), an average of +12% a year. The sharpest change came in the year to August 2020, when income rose by 33%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope and Home sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Access California Services ($9.6m), Via of the Lehigh Valley Inc ($9.6m) and Encore Community Services ($9.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $248k (3.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $15.1m against liabilities of $2.4m, net assets of $12.6m. It reported 99 employees.