Hopebound Mental Health

Analysis

Hopebound Mental Health is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, 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, Hopebound Mental Health reported income of $662k and spending of $908k, spending 137% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $439k to $662k (+51%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopebound Mental Health sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Marin Services for Men ($662k), Harrisonburg Crisis Pregnancy Center Inc ($662k) and Huron Ambulance Service Inc ($662k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $159k (18% of expenses). Other salaries and wages came to $203k. At year end it held assets of $277k against liabilities of $72, net assets of $277k. It reported 4 employees.