Hope House for the Multiple- Handicapped Inc

Analysis

Hope House for the Multiple- Handicapped Inc is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in May 1964, 62 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 August 2022, Hope House for the Multiple- Handicapped Inc reported income of $10.7m and spending of $10.6m, spending 99% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $8.3m to $10.7m (+29%), an average of +8.7% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope House for the Multiple- Handicapped Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Direct Relief Foundation ($10.7m), Choice of New Rochelle Inc ($10.7m) and Interval House ($10.7m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $153k (1.4% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $3.9m against liabilities of $1.6m, net assets of $2.3m. It reported 269 employees.