Hopee Foundation Inc

Analysis

Hopee Foundation Inc is a registered charity in United States, based in North Babylon, NY. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hopee Foundation Inc reported income of $947k and spending of $4,728, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $562k to $947k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 0.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopee Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Amherst Youth Hockey ($947k), Tudorka Tots Inc ($947k) and Clarksville-Montgomery County Senior Citizens Association ($947k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.