Hope Hohenwald Inc

Analysis

Hope Hohenwald Inc is a registered charity in United States, based in Hohenwald, TN. It received its IRS tax-exemption ruling in February 2019, 7 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 June 2024, Hope Hohenwald Inc reported income of $888k and spending of $374k, leaving 58% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $251k to $888k (+253%), an average of +52% a year. The sharpest change came in the year to June 2024, when income rose by 95%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Hohenwald Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Project Adam Community Assistance ($888k), Live Well Inc ($888k) and Upstream Prevention Inc ($888k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $32k (8.6% of expenses). Other salaries and wages came to $154k. At year end it held assets of $1.1m against liabilities of $4,393, net assets of $1.0m. It reported 21 employees.