Good Hope Hospital Inc

Analysis

Good Hope Hospital Inc is a registered charity in United States, based in Erwin, NC. It received its IRS tax-exemption ruling in July 1947, 79 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Hope Hospital Inc reported income of $3.7m and spending of $4.2m, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $6.8m to $3.7m (-46%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Good Hope Hospital Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Third Wave Volunteers Inc ($3.6m), D a R E America ($3.7m) and Thriving United Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $9.0m against liabilities of $3.0m, net assets of $6.0m.