Cancer Hope Network Inc
Cancer Hope Network Inc: Strong Mission, Financial Stability Concerns
EIN: 222647316 · Chester, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $662K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Cancer Hope Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cancer Hope Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cancer Hope Network Inc
Cancer Hope Network Inc (EIN: 222647316) is a nonprofit organization based in Chester, NJ. The organization reported total revenue of $1.9M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cancer Hope Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cancer Hope Network Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $506K |
| Total Expenses | $662K |
| Surplus / Deficit | $-155,956 |
| Total Assets | $1.6M |
| Total Liabilities | $509K |
| Net Assets | $1.1M |
| Operating Margin | -30.8% |
| Debt-to-Asset Ratio | 31.2% |
| Months of Reserves | 29.5 months |
Financial Health Grade: B
In 2023, Cancer Hope Network Inc reported a deficit of $156K with expenses exceeding revenue, holds 29.5 months of operating reserves (strong position), has a debt-to-asset ratio of 31.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cancer Hope Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | +0.5% | -10.1% |
| 2022 | +16.1% | +17.7% | +2.1% |
| 2021 | +65.7% | +23.0% | +3.8% |
| 2020 | -1.3% | -10.5% | +0.3% |
| 2019 | -16.5% | -12.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cancer Hope Network Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cancer Hope Network Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $156K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's revenue and asset size, it is likely within reasonable bounds for a nonprofit of this scale.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cancer Hope Network Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in multiple years (e.g., 2023: $662,343 expenses vs. $506,387 revenue; 2022: $658,758 expenses vs. $600,685 revenue).
- Declining revenue trend: Revenue has generally decreased from $600,685 in 2022 to $506,387 in 2023.
- Significant liability increase: Liabilities jumped from $75,225 in 2021 to $478,292 in 2022 and $508,730 in 2023, warranting further investigation.
Strengths
The following positive indicators were identified for Cancer Hope Network Inc:
- Consistent asset base: Assets have remained relatively stable over the years, indicating some financial resilience despite operating deficits.
- Clear mission focus: The organization's name and implied activities align with a strong charitable purpose.
- Long operational history: Data provided spans several years, suggesting a well-established organization.
Frequently Asked Questions about Cancer Hope Network Inc
Is Cancer Hope Network Inc a legitimate charity?
Cancer Hope Network Inc (EIN: 222647316) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cancer Hope Network Inc spend its money?
Cancer Hope Network Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Cancer Hope Network Inc tax-deductible?
Cancer Hope Network Inc is registered as a tax-exempt nonprofit (EIN: 222647316). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cancer Hope Network Inc's spending goes to programs?
Cancer Hope Network Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Cancer Hope Network Inc located?
Cancer Hope Network Inc is headquartered in Chester, New Jersey and files with the IRS under EIN 222647316.
How many years of IRS 990 filings does Cancer Hope Network Inc have?
Cancer Hope Network Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
What does Cancer Hope Network Inc do?
Cancer Hope Network Inc is a nonprofit organization in the Unknown sector, located in Chester, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Cancer Hope Network Inc have?
Cancer Hope Network Inc reported total revenue of $1,862,306. Based on 13 IRS 990 filings on record.
What are Cancer Hope Network Inc's total assets?
Cancer Hope Network Inc holds total assets of $1,846,031 as reported in IRS 990 filings.
Where is Cancer Hope Network Inc located?
Cancer Hope Network Inc is based in Chester, New Jersey.
What is Cancer Hope Network Inc's EIN?
Cancer Hope Network Inc's Employer Identification Number (EIN) is 222647316. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cancer Hope Network Inc?
Cancer Hope Network Inc is classified under NTEE code Unknown (Unknown).
Is Cancer Hope Network Inc a registered 501(c)(3)?
Cancer Hope Network Inc appears in IRS records (EIN: 222647316). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Cancer Hope Network Inc file IRS Form 990?
Yes, Cancer Hope Network Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cancer Hope Network Inc's revenue in 2023?
In the 202312 filing period, Cancer Hope Network Inc reported total revenue of $506,387, total expenses of $662,343, and net assets of $1,628,816.
Is Cancer Hope Network Inc's revenue growing or declining?
Cancer Hope Network Inc's revenue is declining. Revenue went from $600,685 (202212) to $506,387 (202312), a -15.7% change. Based on 13 filings on record.
What is Cancer Hope Network Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cancer Hope Network Inc covers tax period 202312. It shows revenue of $506,387, expenses of $662,343, total assets of $1,628,816, and liabilities of $508,730.
How much does Cancer Hope Network Inc spend on programs vs administration?
Based on IRS 990 analysis, Cancer Hope Network Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cancer Hope Network Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cancer Hope Network Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Cancer Hope Network Inc?
The following concerns were identified: Consistent operating deficits: Expenses have exceeded revenue in multiple years (e.g., 2023: $662,343 expenses vs. $506,387 revenue; 2022: $658,758 expenses vs. $600,685 revenue).. Declining revenue trend: Revenue has generally decreased from $600,685 in 2022 to $506,387 in 2023.. Significant liability increase: Liabilities jumped from $75,225 in 2021 to $478,292 in 2022 and $508,730 in 2023, warranting further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cancer Hope Network Inc's strengths?
Positive indicators for Cancer Hope Network Inc include: Consistent asset base: Assets have remained relatively stable over the years, indicating some financial resilience despite operating deficits.. Clear mission focus: The organization's name and implied activities align with a strong charitable purpose.. Long operational history: Data provided spans several years, suggesting a well-established organization.. These findings are derived from AI analysis of the organization's financial filings.
How does Cancer Hope Network Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's revenue and asset size, it is likely within reasonable bounds for a nonprofit of this scale. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Cancer Hope Network Inc?
• Financial filings are consistently available and provide detailed breakdowns of revenue and expenses. • The organization clearly states its mission and programs on its website. • No specific transparency report or impact report was readily available beyond standard financial filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is driving the significant increase in liabilities from $75,225 in 2021 to over $500,000 in 2023, and how is the organization planning to address this?
The provided data shows a sharp increase in liabilities, from $75,225 in 2021 to $478,292 in 2022 and $508,730 in 2023. This substantial rise, especially when coupled with consistent operating deficits, suggests potential financial strain or a significant new obligation that needs to be understood to assess long-term viability.
Given the consistent operating deficits where expenses exceed revenue, what strategies are in place to achieve financial sustainability and reverse the declining revenue trend?
The organization has consistently spent more than it earned in recent years (e.g., a $155,956 deficit in 2023 and a $58,073 deficit in 2022). This trend, alongside a general decline in revenue from $600,685 in 2022 to $506,387 in 2023, raises questions about the long-term financial health and the strategies being implemented to ensure sustainability.
Filing History
IRS 990 filing history for Cancer Hope Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cancer Hope Network Inc's revenue has grown by 70.9%, moving from $296K to $506K. Total assets decreased by 35.3% over the same period, from $2.5M to $1.6M. Total functional expenses rose by 30.1%, from $509K to $662K. In its most recent filing year (2023), Cancer Hope Network Inc reported a deficit of $156K, with expenses exceeding revenue. The organization holds $509K in liabilities against $1.6M in assets (debt-to-asset ratio: 31.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $506K | $662K | $1.6M | $509K | — | — |
| 2022 | $601K | $659K | $1.8M | $478K | — | View 990 |
| 2021 | $517K | $560K | $1.8M | $75K | — | View 990 |
| 2020 | $312K | $455K | $1.7M | $87K | — | — |
| 2019 | $317K | $508K | $1.7M | $25K | — | View 990 |
| 2018 | $379K | $582K | $1.7M | $15K | — | View 990 |
| 2017 | $428K | $493K | $2.1M | $10K | — | View 990 |
| 2016 | $340K | $462K | $2.0M | $14K | — | View 990 |
| 2015 | $286K | $457K | $2.1M | $14K | — | View 990 |
| 2014 | $390K | $465K | $2.3M | $30K | — | View 990 |
| 2013 | $376K | $495K | $2.5M | $28K | — | View 990 |
| 2012 | $412K | $500K | $2.5M | $28K | — | View 990 |
| 2011 | $296K | $509K | $2.5M | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $506K, expenses of $662K, and assets of $1.6M (revenue -15.7% year-over-year).
- 2022: Revenue of $601K, expenses of $659K, and assets of $1.8M (revenue +16.1% year-over-year).
- 2021: Revenue of $517K, expenses of $560K, and assets of $1.8M (revenue +65.7% year-over-year).
- 2020: Revenue of $312K, expenses of $455K, and assets of $1.7M (revenue -1.3% year-over-year).
- 2019: Revenue of $317K, expenses of $508K, and assets of $1.7M (revenue -16.5% year-over-year).
- 2018: Revenue of $379K, expenses of $582K, and assets of $1.7M (revenue -11.3% year-over-year).
- 2017: Revenue of $428K, expenses of $493K, and assets of $2.1M (revenue +25.8% year-over-year).
- 2016: Revenue of $340K, expenses of $462K, and assets of $2.0M (revenue +19.0% year-over-year).
- 2015: Revenue of $286K, expenses of $457K, and assets of $2.1M (revenue -26.7% year-over-year).
- 2014: Revenue of $390K, expenses of $465K, and assets of $2.3M (revenue +3.7% year-over-year).
- 2013: Revenue of $376K, expenses of $495K, and assets of $2.5M (revenue -8.7% year-over-year).
- 2012: Revenue of $412K, expenses of $500K, and assets of $2.5M (revenue +38.9% year-over-year).
- 2011: Revenue of $296K, expenses of $509K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cancer Hope Network Inc:
Data Sources and Methodology
This transparency report for Cancer Hope Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.