Hope Station Inc

Analysis

Hope Station Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 2015, 11 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, Hope Station Inc reported income of $407k and spending of $386k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $407k (-63%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 59%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Station Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Gods Hidden Treasures ($407k), Caroline Afterschool Program Inc ($407k) and Bnei Zipora Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $73k (19% of expenses). At year end it held assets of $87k against liabilities of $500, net assets of $86k. It reported 1 employees.