Hopelink of Southern Nevada

Analysis

Hopelink of Southern Nevada is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in August 1994, 32 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, Hopelink of Southern Nevada reported income of $10.5m and spending of $10.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $10.5m (+605%), an average of +63% a year. The sharpest change came in the year to June 2021, when income rose by 144%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hopelink of Southern Nevada sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NV. Charities of a similar size with the same main cause include New Economics for Women ($10.4m), Capital for Change Inc ($10.5m) and The Crenulated Company Ltd ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $244k (2.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.8m against liabilities of $607k, net assets of $2.2m. It reported 65 employees.