Our Hope Association

Analysis

Our Hope Association is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Our Hope Association reported income of $4.9m and spending of $2.7m, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $4.9m (+344%), an average of +45% a year. The sharpest change came in the year to September 2023, when income rose by 196%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Hope Association 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 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Villa Maria Manor Inc ($4.9m), Howell Township Police Athletic League Inc ($4.9m) and Advocates for Bartows Children Inc ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $112k (4.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.4m against liabilities of $794k, net assets of $5.6m. It reported 69 employees.