Hopewell Basketball Association

Analysis

Hopewell Basketball Association is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Hopewell Basketball Association reported income of $90k and spending of $85k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $90k (+13%), an average of +13% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopewell Basketball Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Heavens Harvest Food Panrty ($89k), Harvest Community Charities Inc ($90k) and Optimal Innovation Group ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.