Hope Network Affordable Independent Living NPHC

Analysis

Hope Network Affordable Independent Living NPHC is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Network Affordable Independent Living NPHC reported income of $740k and spending of $155k, leaving 79% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $891k to $740k (-17%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Network Affordable Independent Living NPHC sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Telacu Housing-National City Inc ($739k), L C Hotchkiss Terrace ($740k) and Harry and Jeanette Weinberg Terrace Inc ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 55% of the total. At year end it held assets of $8.8m against liabilities of $2.0m, net assets of $6.8m.