Hopelink Behavioral Health

Analysis

Hopelink Behavioral Health is a registered charity in United States, based in Oakton, VA. It received its IRS tax-exemption ruling in June 1971, 55 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 June 2024, Hopelink Behavioral Health reported income of $20.1m and spending of $20.6m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.5m to $20.1m (+168%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopelink Behavioral Health sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Boone Center Inc ($20.1m), Ann Storck Center Inc ($20.1m) and Consolidated Credit Solutions Inc ($20.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $594k (2.9% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $9.8m against liabilities of $3.2m, net assets of $6.6m. It reported 555 employees.