Friends of Hopewell Valley Open Space

Analysis

Friends of Hopewell Valley Open Space is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of Hopewell Valley Open Space reported income of $741k and spending of $793k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $536k to $741k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 71% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Hopewell Valley Open Space sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include North American Passive House Network Inc ($740k), Rolling Hills Resource Conservation and Development Council Inc ($741k) and Dothan Area Botanical Gardens Inc ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $78k (9.8% of expenses). Other salaries and wages came to $346k. At year end it held assets of $11.9m against liabilities of $53k, net assets of $11.8m. It reported 23 employees.