Family Support Network-Hope

Analysis

Family Support Network-Hope is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in May 2016, 10 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, Family Support Network-Hope reported income of $153k and spending of $145k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $99k to $153k (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 42%. 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, Family Support Network-Hope sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Friends of the Children Incorporated ($153k), American Fitness Health & Wellness Institute ($153k) and Hygieia Behavioral Health Foundation Inc ($153k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Other salaries and wages came to $110k. At year end it held assets of $24k against liabilities of $7,755, net assets of $16k. It reported 8 employees.