Hopewell Downtown Partnership Inc

Analysis

Hopewell Downtown Partnership Inc is a registered charity in United States, based in Hopewell, VA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hopewell Downtown Partnership Inc reported income of $143k and spending of $178k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $155k to $143k (-7.8%), an average of -7.8% a year. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hopewell Downtown Partnership Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include National Association of State Motorcycle Safety Administrators ($143k), Freewishes Foundation Inc ($143k) and Bangladesh Center for Community Development Inc ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 49% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.