Hopewell Fund

Analysis

Hopewell Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hopewell Fund reported income of $157.7m and spending of $156.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $87.0m to $157.7m (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hopewell Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include Independent Charitable Gift Fund ($157.2m), Donors Trust Inc ($158.3m) and American Gift Fund ($155.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $6,230 (0.0% of expenses). Other salaries and wages came to $14.9m. It paid $103k in professional fundraising fees. At year end it held assets of $170.5m against liabilities of $17.0m, net assets of $153.5m. It reported 163 employees.