Hope for the Homeless Foundation

Analysis

Hope for the Homeless Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2023, Hope for the Homeless Foundation reported income of $326k and spending of $257k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $326k (+453%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for the Homeless Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OR. Charities of a similar size with the same main cause include Jordan River Foundation ($326k), Trinity Educational Community Center ($326k) and Light 2 the World ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.