Hope Crisis Response Network Inc- HCRN

Analysis

Hope Crisis Response Network Inc- HCRN is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hope Crisis Response Network Inc- HCRN reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.0m (+188%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Crisis Response Network Inc- HCRN sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Jewish Federation of Middlesex and Monmouth Counties ($4.0m), Community Foundation of East Central Illinois ($4.0m) and Poah Support Corporation ($4.0m).

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 $193k (4.9% of expenses). Other salaries and wages came to $360k. At year end it held assets of $685k against liabilities of $150k, net assets of $535k. It reported 14 employees.