Hooptee Charities Inc

Analysis

Hooptee Charities Inc is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hooptee Charities Inc reported income of $324k and spending of $168k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $654k to $324k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 293%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hooptee Charities Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Rotary Club of the Caldwells Endowment Fund ($324k), John and Mary Alford Foundation ($324k) and Brookline High School 21st Century Fund Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $922k against liabilities of $577k, net assets of $345k.