Hope Network Services Corporation

Analysis

Hope Network Services Corporation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 2002, 24 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 September 2023, Hope Network Services Corporation reported income of $1.8m and spending of $1.7m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.8m (+26%), an average of +5.9% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Network Services Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Augusta Partnership for Children Inc ($1.8m), Drew Lewis Foundation Inc ($1.8m) and Esperanza Foster Family Agency ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $983k. At year end it held assets of $665k against liabilities of $85k, net assets of $580k. It reported 33 employees.