Hesed House of Wharton

Analysis

Hesed House of Wharton is a registered charity in United States, based in Wharton, TX. It received its IRS tax-exemption ruling in July 2020, 6 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, Hesed House of Wharton reported income of $529k and spending of $208k, leaving 61% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $470k to $529k (+12%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hesed House of Wharton sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Cheshire Fair Assoc Inc ($529k), Peninsula Housing Development Inc Xvii ($529k) and Dream Catchers Edh ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $132k. At year end it held assets of $955k against liabilities of $7,786, net assets of $947k. It reported 4 employees.