Hope Works Inc

Analysis

Hope Works Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Hope Works Inc reported income of $716k and spending of $628k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $655k to $716k (+9.3%), an average of +2.2% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Works Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within VT. Charities of a similar size with the same main cause include Dean Michael Clarizio Cancerfoundation Inc ($716k), Ahayah Community Development Corporation ($716k) and Innovative Solutions for Disadvantage and Disability Inc ($716k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $100k (16% of expenses). Other salaries and wages came to $314k. At year end it held assets of $745k against liabilities of $55k, net assets of $690k. It reported 15 employees.