Project Hopewell Inc

Analysis

Project Hopewell Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Project Hopewell Inc reported income of $396k and spending of $446k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $396k (-70%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Hopewell Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include Iglesia Cristiana Elim Inc ($396k), P a C T Ministry Inc ($396k) and Women at the Well Grace House ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $20k against liabilities of $361k, net assets of -$341k. It reported 5 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.