Hope Network of Raytown

Analysis

Hope Network of Raytown is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Hope Network of Raytown reported income of $691k and spending of $641k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $170k to $691k (+307%), an average of +42% a year. The sharpest change came in the year to September 2020, when income rose by 222%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Network of Raytown sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within MO. Charities of a similar size with the same main cause include Woodford Manufacturing Charities Inc ($691k), Michigan Alliance - Pti ($691k) and Church Women United Child Care Center ($691k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,758 (0.4% of expenses). Other salaries and wages came to $45k. At year end it held assets of $128k against liabilities of $5, net assets of $128k. It reported 4 employees.