Hopkins County Veterans Memorial

Analysis

Hopkins County Veterans Memorial is a registered charity in United States, based in Sulphur SPGS, TX. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Hopkins County Veterans Memorial reported income of $110k and spending of $93k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $110k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hopkins County Veterans Memorial sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Fruitport Band Parents Association ($110k), West Suburban Symphony Society ($110k) and Pocahontas County Opera House Foundation Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.