Hope Choice Inc

Analysis

Hope Choice Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in May 1988, 38 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, Hope Choice Inc reported income of $2.1m and spending of $1.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.1m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Choice Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Family Health Partnership Clinic ($2.1m), Texas Tech Physicians Associates ($2.1m) and John Theissen Childrens Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $193k (10% of expenses). Other salaries and wages came to $777k. At year end it held assets of $5.8m against liabilities of $984k, net assets of $4.8m. It reported 46 employees.