Hopewell Health Centers Inc

Analysis

Hopewell Health Centers Inc is a registered charity in United States, based in Chillicothe, OH. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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 Health Centers Inc reported income of $76.6m and spending of $81.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66.7m to $76.6m (+15%), an average of +3.5% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopewell Health Centers Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Brockton Neighborhood Health Center Inc ($76.5m), Nebraska Heart Hospital ($76.7m) and Massachusetts Institute of Technology Welfare Benefit Plans T ($75.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 73% of the total. Other salaries and wages came to $44.0m. At year end it held assets of $53.3m against liabilities of $19.8m, net assets of $33.5m. It reported 1,004 employees.