Hopewest

Analysis

Hopewest is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Hopewest reported income of $59.1m and spending of $55.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.6m to $59.1m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hopewest sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include United Mission for Relief and Development Umr ($57.6m), University Emergency Medical Services Inc ($71.2m) and United Way for Southeastern Michigan ($51.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.1m (2.0% of expenses). Other salaries and wages came to $25.5m. At year end it held assets of $44.8m against liabilities of $17.9m, net assets of $26.9m. It reported 564 employees.