Hopewell Food Pantry

Analysis

Hopewell Food Pantry is a registered charity in United States, based in Hopewell, VA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Hopewell Food Pantry reported income of $612k and spending of $646k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $626k to $612k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopewell Food Pantry sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include S L E W Inc Support Lending for Emotional Well-Being ($612k), Camden County Family Support Organization Inc ($612k) and Ladies of Charity Calvert County Inc ($612k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.