Nethope Inc

Analysis

Nethope Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nethope Inc reported income of $4.1m and spending of $5.8m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.6m to $4.1m (-46%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 337%. Over the whole period it spent 68% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Nethope Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Oklahoma Council of Public Affairs Inc ($4.0m), Rehoboth Beach Volunteer Fire Co Inc ($4.1m) and Claymont Fire Company 1 ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $662k (11% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $17.4m against liabilities of $1.2m, net assets of $16.3m. It reported 16 employees.