Hope Housing Foundation

Analysis

Hope Housing Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in June 2023, 3 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 Housing Foundation reported income of $148k and spending of $79k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $148k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Housing Foundation 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 47th percentile, and in the 45th percentile within KS. Charities of a similar size with the same main cause include Asi McAlester Inc ($148k), Heritage Grove Inc ($148k) and Greenfield Commons Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 7.9% of the total. At year end it held assets of $290k against liabilities of $133k, net assets of $158k.