The Hopewell Valley Education Foundation Inc

Analysis

The Hopewell Valley Education Foundation Inc is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Hopewell Valley Education Foundation Inc reported income of $59k and spending of $40k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $59k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Hopewell Valley Education Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Rotary Foundation of Shepherdstown ($59k), Light Foundation Inc ($59k) and Direct Giving Lab ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.