Hopeline Inc

Analysis

Hopeline Inc is a registered charity in United States, based in Knightdale, NC. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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 2024, Hopeline Inc reported income of $451k and spending of $297k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $290k to $451k (+55%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 129%. 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, Hopeline Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Bethel Housing Inc ($450k), Williams County Humane Society ($451k) and Georgia Veterinary Medical Association Foundation Inc ($450k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $56k (19% of expenses). Other salaries and wages came to $170k. At year end it held assets of $289k against liabilities of $2,219, net assets of $287k. It reported 11 employees.