Hope Avenue Twin Cities

Analysis

Hope Avenue Twin Cities is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Avenue Twin Cities reported income of $200k and spending of $262k, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $63k to $200k (+218%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Avenue Twin Cities sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Peaceful Chateau Apartments Inc ($200k), Pathways Vision Inc ($200k) and Trans Housing Atlanta Inc ($200k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $17k against liabilities of $28k, net assets of -$10k.