Housing Hope

Analysis

Housing Hope is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in April 1988, 38 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 2022, Housing Hope reported income of $11.1m and spending of $12.1m, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $13.9m to $11.1m (-20%), an average of -7.2% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Hope sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Wings Program Inc ($11.1m), Eden Retirement Center Inc ($11.1m) and St Christophers Inn Inc ($11.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 51% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $554k (4.6% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $46.8m against liabilities of $27.2m, net assets of $19.7m. It reported 220 employees.