Hooked on Hope VB

Analysis

Hooked on Hope VB is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hooked on Hope VB reported income of $176k and spending of $176k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $176k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hooked on Hope VB sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Larche Frederick Maryland Inc ($176k), Happy Hooves Inc ($176k) and Kings View Foundation ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.