Good Hope Inc

Analysis

Good Hope Inc is a registered charity in United States, based in Lynnfield, MA. It received its IRS tax-exemption ruling in February 2017, 9 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 (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, Good Hope Inc reported income of $169k and spending of $151k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $235k to $169k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Good Hope Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Sage-Ing International ($169k), Hunt Memorial Hospital District Charitable Health Foundation ($169k) and Project Nicu ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (20% of expenses). At year end it held assets of $110k against liabilities of $0, net assets of $110k. It reported 3 employees.