Hopewell Center Inc

Analysis

Hopewell Center Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hopewell Center Inc reported income of $8.4m and spending of $8.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.4m (+20%), an average of +4.6% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopewell Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Fresh Start Womens Foundation ($8.4m), Rise Community Services ($8.4m) and Jewish Family Service of Silicon Valley ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $311k (3.6% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $12.3m against liabilities of $508k, net assets of $11.8m. It reported 250 employees.