Home › Philanthropy, voluntarism & grantmaking
Hopewell Fund
Hopewell Fund reported $208.0 million in revenue and $197.1 million in expenses for calendar year 2024. Of every $100 it spent, $94.46 went to program services, $5.24 to management and general costs and $0.30 to fundraising. Its largest source of revenue was contributions and grants: 96.8% of the total. The highest compensation it reported for one person was $410,891 (PROJECT DIRECTOR). 96 people received more than $100,000 in reportable compensation. Revenue rose 139% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $197MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $208M- Contributions & grants (non-government)$96.74 $201M
- Program service revenue$0.27 $564K
- Investment income$2.99 $6.2M
Other revenue was negative: −$46,392. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.5% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.2% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.8% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.3% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $410,891 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.21% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 96 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.0 | 56.6 |
| Independent voting board members Part VI 1a–1b | 3 of 3 | 100.0% |
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
2024 · Form 990, Part III · the three largest programs by expenseCivil rights, social action, and advocacy: hopewell's portfolio of civil rights, social action, and advocacy focus areas include addressing income inequality, improving civic engagement among traditionally underrepresented groups, and advancing state level economic and democracy reforms
Health: hopewell's portfolio of health focus areas includes women's health, healthcare access, and reducing health disparities and avoidable infant mortality
Youth development and education: hopewell's portfolio of youth development and education areas support the development and improvement of education in the U.S
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PROJECT DIRECTOR Highest compensated employee, 40.00 hrs/week | $359,880 | $0 | $51,011 | $410,891 |
| PROJECT DIRECTOR Highest compensated employee, 40.00 hrs/week | $340,974 | $0 | $47,122 | $388,096 |
| PROJECT DIRECTOR Highest compensated employee, 40.00 hrs/week | $254,949 | $0 | $44,504 | $299,453 |
| PROJECT DIRECTOR Highest compensated employee, 40.00 hrs/week | $263,204 | $0 | $35,414 | $298,618 |
| PROJECT DIRECTOR Highest compensated employee, 40.00 hrs/week | $250,207 | $0 | $44,219 | $294,426 |
96 people received more than $100,000 in reportable compensation from Hopewell Fund (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b3 · 3 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 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5163
- Volunteers Part I, line 6150
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ELIAS LAW GROUP Legal services | $9,303,117 |
| ARABELLA ADVISORS Admin. & operational support services | $9,271,962 |
| INCITE STUDIO LLC Media & design services | $904,945 |
| WORKANDCO INTERNATIONAL INC Technology services | $767,025 |
| THE BOARDROOM LLC Consulting services | $511,340 |
Individuals listed as contractors are left out. 39 contractors were paid more than $100,000 in all.
Private foundation grants it received
88 private foundations reported grants to Hopewell Fund totaling $53M 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 Hopewell Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hopewell Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Hopewell Fund spent in 2024, $94.46 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Arizona Community FoundationPhoenix, AZ · revenue $203M · programs 90.7% · FY2025
- The Denver FoundationDenver, CO · revenue $208M · programs 91.8% · 2024
- Daffy Charitable FundLos Altos, CA · revenue $197M · programs 99.9% · 2024
- Community Foundation of Northwest IndianaMunster, IN · revenue $209M · programs 41.3% · FY2025
- The San Diego FoundationSan Diego, CA · revenue $197M · programs 82.7% · FY2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in District of Columbia
Questions people ask
How much of Hopewell Fund's spending goes to programs?
In calendar year 2024, Hopewell Fund reported that 94.5% of its $197.1 million in expenses went to program services, 5.2% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Hopewell Fund pay its top executive?
The largest total compensation Hopewell Fund reported for one person in calendar year 2024 was $410,891, for the role of PROJECT DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hopewell Fund get its money?
Of $208.0 million in revenue in calendar year 2024, 96.8% came from contributions and grants and 0.3% from program service revenue (Form 990, Part VIII).
Is Hopewell Fund a registered charity?
The IRS lists EIN 47-3681860 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543159349305889 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423179349304767 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333149349300038 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203139349304855 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143169349311614 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013169349305671 · read the filing
All filings for EIN 47-3681860: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.