Hope Day Network Inc

Analysis

Hope Day Network Inc is a registered charity in United States, based in Valley Stream, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Day Network Inc reported income of $81k and spending of $45k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $81k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Day Network Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Homeward Vets Inc ($81k), Wayne County Farmers Market Inc ($81k) and Sportsmens Wildlife Foundation ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.