Hotels for Hope Inc

Analysis

Hotels for Hope Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in October 2021, 5 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, Hotels for Hope Inc reported income of $69k and spending of $69k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $42k to $69k (+63%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hotels for Hope Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IN. Charities of a similar size with the same main cause include Grasse River Housing Corporation ($69k), Greater Abyssinian Housing Corporation Inc ($69k) and Coleman Apartments ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $197 against liabilities of $0, net assets of $197.