Family Hope

Analysis

Family Hope is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in December 1993, 33 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 December 2023, Family Hope reported income of $1.6m and spending of $1.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Hope sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Brementowne Manor Inc ($1.6m), G D L Manor Corp ($1.6m) and Crossroads Group Home for Girls Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $116k (7.3% of expenses). Other salaries and wages came to $716k. At year end it held assets of $4.0m against liabilities of $70k, net assets of $3.9m. It reported 20 employees.