Hopes Community Action Partnership Incorporated

Analysis

Hopes Community Action Partnership Incorporated is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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 March 2023, Hopes Community Action Partnership Incorporated reported income of $28.4m and spending of $28.1m, spending 99% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $19.5m to $28.4m (+45%), an average of +13% a year. The sharpest change came in the year to March 2022, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopes Community Action Partnership Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include United Cerebral Palsy of Georgia Inc ($28.4m), Chesapeake Bay Trust ($28.4m) and Kenneth Young Center ($28.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 88% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $594k (2.1% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $23.3m against liabilities of $8.7m, net assets of $14.7m. It reported 343 employees.