Hope Medical of Washington

Analysis

Hope Medical of Washington is a registered charity in United States, based in Kennewick, WA. It received its IRS tax-exemption ruling in March 2016, 10 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, Hope Medical of Washington reported income of $280k and spending of $281k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $280k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Medical of Washington sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Dustin Chamberlain Memorial Foundation Inc ($280k), Battlefields to Ballfields ($280k) and Marriage Encounter Support Foundation ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $55k (20% of expenses). Other salaries and wages came to $111k. At year end it held assets of $424k against liabilities of $6,169, net assets of $418k. It reported 10 employees.