Hope House of Colorado

Analysis

Hope House of Colorado is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in June 2001, 25 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 House of Colorado reported income of $6.1m and spending of $3.3m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $6.1m (+109%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House of Colorado sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Families Free Inc ($6.1m), Family Pantry of Cape Cod Corp the ($6.1m) and Teak Fellowship Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $93k (2.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $13.3m against liabilities of $493k, net assets of $12.8m. It reported 48 employees.