Door of Hope

Analysis

Door of Hope is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. 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, Door of Hope reported income of $8.3m and spending of $4.8m, leaving 42% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $2.6m to $8.3m (+222%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 297%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Door of Hope 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 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Kaleidoscope Inc ($8.3m), York County Library System ($8.3m) and Mantachie Rural Health Care Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $111k (2.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $11.4m against liabilities of $1.7m, net assets of $9.8m. It reported 64 employees.