Hopelink

Analysis

Hopelink is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hopelink reported income of $93.0m and spending of $94.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $71.8m to $93.0m (+30%), an average of +6.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopelink sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Step by Step Inc ($92.9m), Easter Seals New Hampshire Inc ($93.0m) and Philadelphia Corporation for Aging ($92.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.3m (1.3% of expenses). Other salaries and wages came to $19.9m. At year end it held assets of $69.1m against liabilities of $24.5m, net assets of $44.6m. It reported 509 employees.