Hopewell

Analysis

Hopewell is a registered charity in United States, based in Middlefield, OH. It received its IRS tax-exemption ruling in August 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hopewell reported income of $12.7m and spending of $7.1m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $12.7m (+151%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopewell sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Mount Macrina Manor Nursing Home ($12.7m), Henry County Health Care Authority ($12.7m) and Quarry Hill ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $223k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $30.0m against liabilities of $506k, net assets of $29.4m. It reported 68 employees.