Hopeworks N Camden Inc

Analysis

Hopeworks N Camden Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Hopeworks N Camden Inc reported income of $6.7m and spending of $6.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $6.7m (+142%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hopeworks N Camden Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Grymes Memorial School Inc ($6.7m), California Budget & Policy Center ($6.7m) and Fayetteville Academy ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $169k (2.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $7.8m against liabilities of $1.9m, net assets of $5.8m. It reported 198 employees.