Hopecentral

Analysis

Hopecentral is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2012, 14 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 August 2023, Hopecentral reported income of $1.9m and spending of $2.1m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $740k to $1.9m (+161%), an average of +27% a year. The sharpest change came in the year to August 2020, when income rose by 60%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopecentral sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Project Mend ($1.9m), Personal Care Products Council Foundation ($1.9m) and Adolescent Counseling Services ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $305k (14% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $275k against liabilities of $123k, net assets of $152k. It reported 8 employees.

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.