Hopesudbury Inc

Analysis

Hopesudbury Inc is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover human services, 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 December 2023, Hopesudbury Inc reported income of $147k and spending of $82k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $147k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopesudbury Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Enitan Story ($147k), North Essex Dispute Resolution Center Inc ($147k) and Food to the Rescue ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.