Hopexchange Inc

Analysis

Hopexchange Inc is a registered charity in United States, based in Scio, OR. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hopexchange Inc reported income of $1.1m and spending of $1.4m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $560k to $1.1m (+90%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hopexchange Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Kiwanis Activities of Little Rock ($1.1m), Regional Development Corporation ($1.1m) and Pennsylvania State Association of County Fairs ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $21k, net assets of $116k.