Hope Fieldhouse

Analysis

Hope Fieldhouse is a registered charity in United States, based in Rosemount, MN. It received its IRS tax-exemption ruling in March 2018, 8 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 December 2023, Hope Fieldhouse reported income of $869k and spending of $1.1m, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $216k to $869k (+303%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 253%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Fieldhouse sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Upper Montgomery County Volunteer Fire Department Inc ($869k), Cross Trail Outfitters Inc ($869k) and Northpoint College ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 84% of the total. Other salaries and wages came to $240k. At year end it held assets of $4.8m against liabilities of $5.0m, net assets of -$222k. It reported 48 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.