Hopefitness Sports Foundation

Analysis

Hopefitness Sports Foundation is a registered charity in United States, based in East Meadow, NY. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hopefitness Sports Foundation reported income of $301k and spending of $298k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $301k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hopefitness Sports Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Impact Baseball Club NFP ($301k), Park Place Foundation ($301k) and Nami Pennsylvania ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (47% of expenses). At year end it held assets of $17k against liabilities of $0, net assets of $17k. It reported 2 employees.