Hopehealth Inc

Analysis

Hopehealth Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover health care, 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 December 2023, Hopehealth Inc reported income of $184.5m and spending of $167.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $100.9m to $184.5m (+83%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopehealth Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include First Choice Physician Partners ($184.5m), Metroplex Adventist Hospital Inc ($184.8m) and Rush Oak Park Hospital Inc ($184.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Other salaries and wages came to $42.2m. At year end it held assets of $125.1m against liabilities of $33.1m, net assets of $92.0m. It reported 856 employees.