1231-1235 Good Hope Road Inc

Analysis

1231-1235 Good Hope Road Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 1231-1235 Good Hope Road Inc reported income of $3.8m and spending of $137k, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $3.8m (+275%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 1897%. Over the whole period it spent 7.0% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1231-1235 Good Hope Road Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Sanatoga Ridge Community Inc ($3.8m), Samaritan Incorporated ($3.8m) and Three Roots Capital ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10.9m against liabilities of $6.2m, net assets of $4.7m.