Hopephl Community Development Corporation

Analysis

Hopephl Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 Community Development Corporation reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.1m (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 126% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hopephl Community Development Corporation 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 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Fire Service Training Institute ($1.1m), Abate of Indiana Inc ($1.1m) and Eastover Volunteer Fire Dept ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Other salaries and wages came to $294k. At year end it held assets of $19.0m against liabilities of $22.9m, net assets of -$3.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.