Hope Services

Analysis

Hope Services is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 1953, 73 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 (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 Services reported income of $48.0m and spending of $49.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $50.7m to $48.0m (-5.3%), an average of -1.4% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hope Services 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Electrical Training Alliance ($47.9m), Dtcare ($48.0m) and Central Florida Regional Workforce Development Board Inc ($47.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $1.5m (3.0% of expenses). Other salaries and wages came to $26.4m. At year end it held assets of $51.7m against liabilities of $30.2m, net assets of $21.5m. It reported 804 employees.