Hope Street Group

Analysis

Hope Street Group is a registered charity in United States, based in Burr Ridge, IL. It received its IRS tax-exemption ruling in July 2003, 23 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 June 2023, Hope Street Group reported income of $1.7m and spending of $1.2m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.7m (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 118%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Street Group sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Spanish American Center Inc ($1.7m), TLC Child Care Inc ($1.7m) and Hawaii Food Technology Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $189k (16% of expenses). Other salaries and wages came to $291k. At year end it held assets of $1.5m against liabilities of $8,976, net assets of $1.4m. It reported 4 employees.