Hopelight Medical Clinic

Analysis

Hopelight Medical Clinic is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hopelight Medical Clinic reported income of $5.2m and spending of $5.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $5.2m (+107%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopelight Medical Clinic sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include A Tender Love and Care Inc ($5.2m), Helping Hands Charitable Foundationinc ($5.2m) and McGaw YMCA ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $522k against liabilities of $688k, net assets of -$166k. It reported 174 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.