Hope Gain Network

Analysis

Hope Gain Network is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Gain Network reported income of $195k and spending of $190k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $195k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Gain Network sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Friends of the Greenwich Senior Center Inc ($195k), Center for Nonprofit Leadership of the Sierra ($195k) and Corporate Action Network ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.