Hopewell Fund

Overview

Mission

Hopewell Fund provides a trusted home for bold charitable work – an impact-driven 501(c)(3) fiscal sponsor built for a rapidly evolving philanthropic landscape.

What it reported doing in 2024

Civil 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.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
473681860
IRS 990 coverage
2015–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Headquarters
Washington, DC, US
Phone
2026648763
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 64
  • Accountability: 94
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 94.5%; rating input score 94
  • Fundraising efficiency: $337.2 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 47th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.3%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 0.88; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 22.9% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 18.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 14.8% per year; rating input score 100; 86th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 89.8% of revenue deployed · 94.5% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $186.1M in reported program spending
  • Leadership: top reported pay $411K · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $20.8M reported
  • Consistency: 43 of 43 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 9 annual filings from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 261 filed money-flow records
  • Related organizations: 256 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

9 people listed

Highest reported compensation

  • COURTNEY CUFF (PROJECT DIRECTOR): $410,891 total reported compensation
  • SHARONA ROTH (PROJECT DIRECTOR): $388,096 total reported compensation
  • MEAGAN CAVANAUGH (PROJECT DIRECTOR): $299,453 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.