Hopenet Inc

Analysis

Hopenet Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hopenet Inc reported income of $768k and spending of $909k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $735k to $768k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hopenet Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KS. Charities of a similar size with the same main cause include Providence Hood River Memorial Hosp Ital Foundation Inc ($768k), Rocky Mountain Down Syndrome Association Inc ($768k) and Care for Your Health Inc ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $80k (8.8% of expenses). Other salaries and wages came to $478k. At year end it held assets of $1.6m against liabilities of $174k, net assets of $1.4m. It reported 17 employees.