Hope Homes Inc

Analysis

Hope Homes Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in December 2022, 4 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 2022, Hope Homes Inc reported income of $214k and spending of $258k, spending 121% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $215k to $214k (-0.8%), an average of -0.8% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Homes Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within MO. Charities of a similar size with the same main cause include Epilepsy Foundation of Virginia ($214k), Baton Rouge Crisis Intervention Center Inc ($214k) and Harmony Farms Incorporated ($214k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 103% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $26k (10% of expenses). Other salaries and wages came to $37k. At year end it held assets of $28k against liabilities of $79k, net assets of -$51k. It reported 9 employees.