Network of Hope Inc

Analysis

Network of Hope Inc is a registered charity in United States, based in Allison Park, PA. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Network of Hope Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $1.1m to $1.2m (+8.2%), an average of +8.2% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Network of Hope Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Northwest Kansas Area Transit Coordinating Council Inc ($1.2m), North Central Texas Regional Certification Agency ($1.2m) and Peoples Partners for Community Development ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $158k against liabilities of $7,750, net assets of $150k.