Hopelife Regeneration

Analysis

Hopelife Regeneration is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hopelife Regeneration reported income of $330k and spending of $325k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $433k to $330k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopelife Regeneration sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Sophies Hope Foundation Inc ($329k), Chinook Horses ($330k) and Cenfam ($329k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $206k against liabilities of $162k, net assets of $44k.