Hope Foundation Re-Entry Network Inc

Analysis

Hope Foundation Re-Entry Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Foundation Re-Entry Network Inc reported income of $779k and spending of $601k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $278k to $779k (+181%), an average of +181% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 83% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Hope Foundation Re-Entry Network Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 51st percentile within DC. Charities of a similar size with the same main cause include New Hour for Women and Children Li Inc ($779k), Nassau Alternative Advocacy Program Inc ($780k) and Southwest Womens Law Center ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (14% of expenses). Other salaries and wages came to $41k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.