Hopephl

Analysis

Hopephl is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hopephl reported income of $8.0m and spending of $9.6m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $8.0m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopephl sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Alaska Family Services Inc ($8.0m), Consumer Services Inc ($8.0m) and Katahdin Friends Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $187k (1.9% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $17.0m against liabilities of $18.9m, net assets of -$1.9m. It reported 112 employees.