Hope and Harbor

Analysis

Hope and Harbor is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in June 2022, 4 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 June 2024, Hope and Harbor reported income of $94k and spending of $88k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $76k to $94k (+25%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 25%. 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 and Harbor sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Ronald McDonald House of Dallas Family Assistance Foundation ($94k), Winterhaven Public Eventsincorporated ($94k) and Good Samaritan Christian Services Inc ($94k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $258, net assets of $15k.