Historic Hopewell Foundation Inc

Analysis

Historic Hopewell Foundation Inc is a registered charity in United States, based in Hopewell, VA. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Historic Hopewell Foundation Inc reported income of $205k and spending of $119k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $174k to $205k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 188%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Hopewell Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Worldwide Documentaries Inc ($204k), Sample McDougald House Preservation Society Inc ($205k) and St Petersburg Clearwater Film Society ($204k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.8% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.0m against liabilities of $70k, net assets of $977k. It reported 7 employees.