Hopekids Inc

Analysis

Hopekids Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in May 2002, 24 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 (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, Hopekids Inc reported income of $7.0m and spending of $6.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $7.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopekids Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Healthcentric Advisors Inc ($7.0m), Connecticut Community for Addiction Recovery Inc ($7.0m) and Hawaii Organ Procurement Organization ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $208k (3.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.5m against liabilities of $34k, net assets of $4.4m.