Hope College

Analysis

Hope College is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in June 1938, 88 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hope College reported income of $181.7m and spending of $187.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $161.5m to $181.7m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Wheaton College ($181.6m), St Edwards University ($181.7m) and Achievement First Brooklyn Charter Schools ($181.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $2.0m (1.1% of expenses). Other salaries and wages came to $56.9m. At year end it held assets of $556.7m against liabilities of $52.3m, net assets of $504.4m. It reported 3,198 employees.