Our Lady of Hope Health Center Inc

Analysis

Our Lady of Hope Health Center Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Our Lady of Hope Health Center Inc reported income of $19.4m and spending of $16.1m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $14.8m to $19.4m (+31%), an average of +7.0% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of Hope Health Center Inc sits at the 97th percentile: it is larger than about 97% 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 Mississippi County Arkansas Economic Opportunity Commission in ($19.4m), Magnolia Community Services Inc ($19.4m) and Colorado Regional Health Information Organization ($19.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $21.9m against liabilities of $7.4m, net assets of $14.5m. It reported 317 employees.