Friends of Hopewell House

Analysis

Friends of Hopewell House is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Hopewell House reported income of $2.6m and spending of $2.2m, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $599k to $2.6m (+326%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 227%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Hopewell House sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Dekalb County Community Foundation Inc ($2.6m), The Loudoun Education Foundation ($2.6m) and Good Shepherd Fund ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $139k (6.3% of expenses). Other salaries and wages came to $1.1m. It paid $83k in professional fundraising fees. At year end it held assets of $6.3m against liabilities of $1.1m, net assets of $5.2m. It reported 42 employees.