Hope House Ministry Inc

Analysis

Hope House Ministry Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in December 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 Ministry Inc reported income of $375k and spending of $295k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $521k to $375k (-28%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 68% 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 Ministry Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Epilepsy Services of West Central Florida Inc ($375k), Crisis Pregnancy Center of South Jersey Inc ($375k) and Ambassadors for Community Health - Auxiliary of St Davids Medical Cen ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $62k (21% of expenses). At year end it held assets of $547k against liabilities of $63k, net assets of $484k. It reported 1 employees.