Hope House Coffee Co

Analysis

Hope House Coffee Co is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope House Coffee Co reported income of $549k and spending of $548k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $227k to $549k (+141%), an average of +141% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House Coffee Co sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Friends of the FDR Memorial Inc ($548k), Plainville Community Pantry Inc ($549k) and Refuge Ranch Ministries of Charlotte Inc ($548k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1,752 (0.3% of expenses). Other salaries and wages came to $214k. At year end it held assets of $110k against liabilities of $15k, net assets of $95k. It reported 31 employees.