High Hopes Neurological Recovery Group Inc

Analysis

High Hopes Neurological Recovery Group Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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, High Hopes Neurological Recovery Group Inc reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.8m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, High Hopes Neurological Recovery Group Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include The Bala House ($1.8m), United States Power Squadrons ($1.8m) and California Interscholastic Federation Central Section ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $235k (15% of expenses). Other salaries and wages came to $607k. At year end it held assets of $3.7m against liabilities of $1.0m, net assets of $2.6m. It reported 20 employees.