Hope Creek Charitable Foundation

Analysis

Hope Creek Charitable Foundation is a registered charity in United States, based in Mill Creek, WA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Hope Creek Charitable Foundation reported income of $640k and spending of $789k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $317k to $640k (+102%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 176%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Creek Charitable Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Atlanta Board of Realtors Educational Foundation Inc ($639k), Lakewoodalive ($640k) and Friends of Rock Valley ($639k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $67k against liabilities of $227k, net assets of -$160k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.