His Hope House Corporation

Analysis

His Hope House Corporation is a registered charity in United States, based in Bartow, FL. It received its IRS tax-exemption ruling in April 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, His Hope House Corporation reported income of $426k and spending of $296k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $426k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, His Hope House Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Park Place Non-Profit Center Co ($426k), Family Promise of Lawton Incorporated ($426k) and Mental Health Connection of Tarrant County ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (18% of expenses). Other salaries and wages came to $3,675. It paid $1,695 in professional fundraising fees. At year end it held assets of $809k against liabilities of $519k, net assets of $289k. It reported 3 employees.