Hope House Ministries Inc

Analysis

Hope House Ministries Inc is a registered charity in United States, based in Ravenswood, WV. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Ministries Inc reported income of $282k and spending of $281k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $206k to $282k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope House Ministries Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include San Francisco Drug Users Union ($282k), Home Call Healthcare Corp ($282k) and Breast Friends ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $162k (57% of expenses). At year end it held assets of $169k against liabilities of $82k, net assets of $87k. It reported 7 employees.