Homes Giving Hope Inc

Analysis

Homes Giving Hope Inc is a registered charity in United States, based in Rockford, MI. It received its IRS tax-exemption ruling in September 2020, 6 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 June 2023, Homes Giving Hope Inc reported income of $490k and spending of $395k, spending 81% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $371k to $490k (+32%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes Giving Hope Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Sunstone Life Inc ($490k), Asi Coronado Inc ($490k) and Chestnut Senior Housing ($489k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $20k. At year end it held assets of $997k against liabilities of $387k, net assets of $610k.