Hoopeston Retirement Village Foundation Inc

Analysis

Hoopeston Retirement Village Foundation Inc is a registered charity in United States, based in Hoopeston, IL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hoopeston Retirement Village Foundation Inc reported income of $6.9m and spending of $7.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.9m (+33%), an average of +7.3% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hoopeston Retirement Village Foundation 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 93rd percentile within IL. Charities of a similar size with the same main cause include Mayflower RHF Housing Inc ($6.9m), Contemporary Housing Alternatives of Florida Inc ($6.9m) and Mount Baker Housing Association ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $8.0m against liabilities of $6.0m, net assets of $2.0m.

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.