Hope Springs Manor Inc

Analysis

Hope Springs Manor Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in October 2022, 4 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, Hope Springs Manor Inc reported income of $274k and spending of $308k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $297k to $274k (-7.8%), an average of -7.8% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Springs Manor Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Willie F Bill Brown Manor Inc ($274k), Hale Mahaolu Eono Inc ($274k) and Academy Place Apartments Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 90% of the total. Other salaries and wages came to $120k. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $97k. It reported 16 employees.