Hope House Corporation

Analysis

Hope House Corporation is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in August 1978, 48 years ago. 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 June 2024, Hope House Corporation reported income of $2.1m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.1m (+1.5%), an average of +0.4% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope House Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Meals on Wheels of Sarasota Inc ($2.1m), Anselm House ($2.1m) and S O S Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $113k (5.8% of expenses). Other salaries and wages came to $986k. At year end it held assets of $2.6m against liabilities of $403k, net assets of $2.2m. It reported 20 employees.