Special Hope Network

Analysis

Special Hope Network is a registered charity in United States, based in Ruckersville, VA. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, 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 December 2023, Special Hope Network reported income of $684k and spending of $745k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $684k (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Special Hope Network 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 75th percentile within VA. Charities of a similar size with the same main cause include A Second Chance Resource Center Network United Inc ($684k), My Friends House Family and Children Services Inc ($684k) and Barrington Area Council on Aging Inc ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (19% of expenses). Other salaries and wages came to $175k. It paid $24k in professional fundraising fees. At year end it held assets of $243k against liabilities of $541, net assets of $243k. It reported 5 employees.