Hope Valley Inc

Analysis

Hope Valley Inc is a registered charity in United States, based in Dobson, NC. It received its IRS tax-exemption ruling in August 1968, 58 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Hope Valley Inc reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-2.6%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Valley Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Granville Rescue Squad Inc ($1.2m), Salina Regional Home Medical Services LLC ($1.2m) and Friends Counseling Center ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $56k (4.1% of expenses). Other salaries and wages came to $272k. At year end it held assets of $408k against liabilities of $88k, net assets of $320k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.