Cancer Hope Network Inc

Analysis

Cancer Hope Network Inc is a registered charity in United States, based in Chester, NJ. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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 December 2023, Cancer Hope Network Inc reported income of $506k and spending of $662k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $506k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cancer Hope Network Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include NJ Center for the Healing Arts Inc ($506k), Oklahoma Region Volleyball Association Inc ($506k) and Alliance for Innovation Inc ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $101k (15% of expenses). Other salaries and wages came to $251k. At year end it held assets of $1.6m against liabilities of $509k, net assets of $1.1m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.