Housing with Hope Foundation Inc

Analysis

Housing with Hope Foundation Inc is a registered charity in United States, based in Scotch Plains, NJ. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Housing with Hope Foundation Inc reported income of $102k and spending of $91k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $72k to $102k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing with Hope Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Evergreen Community Partners ($102k), Maples Housing Corporation ($102k) and Hampton Falls Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 69% of the total. Other salaries and wages came to $19k. At year end it held assets of $265k against liabilities of $240k, net assets of $24k.