Hopecam Inc

Analysis

Hopecam Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in October 2004, 22 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 2023, Hopecam Inc reported income of $1.1m and spending of $795k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $653k to $1.1m (+61%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopecam Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Albemarle Area United Way ($1.1m), Arizona Capital Representation Project ($1.1m) and Ames Historical Society ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $217k (27% of expenses). Other salaries and wages came to $66k. At year end it held assets of $975k against liabilities of $92k, net assets of $883k. It reported 4 employees.