Hopeanchor & Crew Inc

Analysis

Hopeanchor & Crew Inc is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Hopeanchor & Crew Inc reported income of $227k and spending of $228k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $276k to $227k (-18%), an average of -9.5% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hopeanchor & Crew Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Big Stone Healthcare Foundation ($227k), Moore County Historical Museum ($227k) and Camp Trinity Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $38k (17% of expenses). Other salaries and wages came to $26k. At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 14 employees.