Hope Media Group

Analysis

Hope Media Group is a registered charity in United States, based in New Caney, TX. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Media Group reported income of $33.4m and spending of $38.0m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.1m to $33.4m (+122%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hope Media Group sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Houston Symphony Society ($33.4m), Wang Theatre Inc ($33.5m) and Civil-Military Innovation Institute Inc ($33.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $1.0m (2.7% of expenses). Other salaries and wages came to $12.8m. It paid $854k in professional fundraising fees. At year end it held assets of $84.4m against liabilities of $17.1m, net assets of $67.3m. It reported 230 employees.