Hopewell Cancer Support Inc

Analysis

Hopewell Cancer Support Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Hopewell Cancer Support Inc reported income of $897k and spending of $1.1m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $689k to $897k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopewell Cancer Support Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Santa Clarita Valley Pregnancy Center ($897k), LTP Medical Mobil Inc ($897k) and Pregnancy Care Center of Rocky Mount Inc ($897k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $198k (19% of expenses). Other salaries and wages came to $461k. At year end it held assets of $3.4m against liabilities of $109k, net assets of $3.3m. It reported 28 employees.