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HopeWay Foundation

Charlotte, NC · EIN 46-4510365 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

HopeWay Foundation reported $24.7 million in revenue and $22.5 million in expenses for calendar year 2025. Of every $100 it spent, $86.29 went to program services, $10.79 to management and general costs and $2.92 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.9% of the total. Government grants made up 8.6%. The highest compensation it reported for one person was $588,338 (CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 105% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $22M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $25M

Other revenue was negative: −$29,346. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
86.3%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
10.8%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
2.9%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.13$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
21.0%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
8.6%0.1%
Program service revenue share
Part VIII 2g ÷ 12
76.9%93.7%
Highest reported compensation
Part VII-A, columns D–F
$588,338$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.62%1.34%
People paid over $100,000
Part VII, line 2
727
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
15.46.6
Independent voting board members
Part VI 1a–1b
15 of 1588.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2025 · Form 990, Part III · the three largest programs by expense
$19M expenses · 100.0% of program spending · grants $624K · revenue $19M

HopeWay is an accredited North Carolina non-profit residential and day mental health treatment center for adults and teens HopeWay's continuum of care meets the needs of adults living with mental illness and their families with residential care and day treatment programs as well as after-care planning with a goal of helping clients live successfully and independently in the community.In 2018 HopeWay Foundation formed a wholly owned subsidiary, HopeWay Psychiatry & Associates, LLC. HopeWay Psychiatry provides mental health and other services to clients on an outpatient basis. It provides…

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$574,792$0$13,546$588,338
Director of Medical Services
Listed in Part VII, 40.00 hrs/week
$412,611$0$35,384$447,995
Director, Eating Disorders
Listed in Part VII, 40.00 hrs/week
$411,531$0$24,299$435,830
Director of Veteran Services
Listed in Part VII, 40.00 hrs/week
$377,752$0$12,101$389,853
Director of Child and Adolescent Se
Listed in Part VII, 40.00 hrs/week
$338,461$0$9,558$348,019
Medical Director of Admissions
Listed in Part VII, 40.00 hrs/week
$319,267$0$10,315$329,582
CFO
Officer, 40.00 hrs/week
$277,700$0$9,008$286,708

7 people received more than $100,000 in reportable compensation from HopeWay Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.8M (Part IX, line 5).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M2019202020212022202320242025$25M$22M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$25M$22M86.3%$29M$588,338
2024 ⓘ$20M$22M86.2%$27M$605,958
2023 ⓘ$21M$17M85.1%$28M$552,524
2022 ⓘ$16M$15M84.3%$25M$527,456
2021 ⓘ$15M$13M84.0%$24M$467,015
2020 ⓘ$11M$11M83.8%$22M$478,708
2019 ⓘ$12M$11M84.7%$23M$477,193

Governance answers, as filed

2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5193
  • Volunteers Part I, line 682

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
A Better me Psychiatry
Psychiatrist
$225,120

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

18 private foundations reported grants to HopeWay Foundation totaling $468K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from HopeWay Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for HopeWay Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in North Carolina

Questions people ask

How much of HopeWay Foundation's spending goes to programs?

In calendar year 2025, HopeWay Foundation reported that 86.3% of its $22.5 million in expenses went to program services, 10.8% to management and general and 2.9% to fundraising (Form 990, Part IX).

How much does HopeWay Foundation pay its top executive?

The largest total compensation HopeWay Foundation reported for one person in calendar year 2025 was $588,338, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does HopeWay Foundation get its money?

Of $24.7 million in revenue in calendar year 2025, 21.0% came from contributions and grants (including 8.6% from government grants) and 76.9% from program service revenue (Form 990, Part VIII).

Is HopeWay Foundation a registered charity?

The IRS lists EIN 46-4510365 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202622579349301287 · read the filing
  • 2024: Form 990 for calendar year 2024, object 202522959349300202 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202412989349301656 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343109349300839 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203129349301715 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202102919349301800 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202023049349300902 · read the filing

All filings for EIN 46-4510365: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.