Hope in Northern Virginia Inc

Analysis

Hope in Northern Virginia Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hope in Northern Virginia Inc reported income of $574k and spending of $527k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $975k to $574k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 55%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope in Northern Virginia Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Health Unit on Davison Ave ($574k), Texas Reach-Out Inc ($574k) and Closing the Gap in Health Care Inc ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (20% of expenses). At year end it held assets of $923k against liabilities of $12k, net assets of $910k.