Hope Network Services Corporation
Hope Network Services Corporation shows consistent revenue growth and increasing assets with no reported officer compensation.
EIN: 20626229 · Grand Rapids, MI · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| Net Assets | $580K |
| Transparency Score | 85/100 |
Is Hope Network Services Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Network Services Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Network Services Corporation
Hope Network Services Corporation (EIN: 20626229) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code P20. The organization reported total revenue of $1.9M and total assets of $867K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Network Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Network Services Corporation is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$162K |
| Total Assets | $665K |
| Total Liabilities | $85K |
| Net Assets | $580K |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 4.8 months |
Financial Health Grade: A
In 2023, Hope Network Services Corporation reported a surplus of $162K with revenue exceeding expenses, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope Network Services Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +12.0% | +30.6% |
| 2022 | +14.1% | -0.2% | +239.0% |
| 2021 | +11.4% | -2.1% | -3.9% |
| 2020 | +1.8% | +3.0% | -60.7% |
| 2019 | +1.9% | -3.9% | +91.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Hope Network Services Corporation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hope Network Services Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $162K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests either pro-bono leadership or compensation is covered by a related entity.
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 Hope Network Services Corporation's IRS 990 filings:
- Consistent 0% officer compensation may indicate compensation is paid by a related entity, which could obscure the true cost of executive leadership.
Strengths
The following positive indicators were identified for Hope Network Services Corporation:
- Consistent revenue growth over the past few years, reaching $1,916,326 in latest revenue.
- Significant increase in assets from $150,305 in 2021 to $867,458 currently, indicating improved financial health.
- No reported officer compensation, suggesting a high dedication of funds to programmatic activities.
- Revenues consistently exceeding expenses in recent periods, contributing to asset growth.
Frequently Asked Questions about Hope Network Services Corporation
Is Hope Network Services Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Network Services Corporation (EIN: 20626229) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hope Network Services Corporation spend its money?
Hope Network Services Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Network Services Corporation tax-deductible?
Hope Network Services Corporation is registered as a tax-exempt nonprofit (EIN: 20626229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope Network Services Corporation's spending goes to programs?
Hope Network Services Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Network Services Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope Network Services Corporation is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Network Services Corporation located?
Hope Network Services Corporation is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 20626229. It is classified under NTEE code P20.
How many years of IRS 990 filings does Hope Network Services Corporation have?
Hope Network Services Corporation 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.
Is Hope Network Services Corporation financially stable?
Yes, the organization appears financially stable. Its assets have grown significantly from $150,305 in 2021 to $867,458 currently, and revenues have generally exceeded expenses in recent periods, such as $1,830,581 revenue vs. $1,668,873 expenses in 2023.
How does Hope Network Services Corporation manage executive compensation?
Hope Network Services Corporation consistently reports 0% officer compensation in its IRS 990 filings. This suggests that no officers are directly compensated by the organization, which is a strong indicator of resource allocation towards its mission.
Has the organization's financial health improved over time?
Yes, the organization's financial health has improved. Assets have increased substantially from $150,305 in 2021 to $867,458 currently, and recent filings show revenues exceeding expenses, contributing to this growth.
Filing History
IRS 990 filing history for Hope Network Services Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Network Services Corporation's revenue has grown by 29.4%, moving from $1.4M to $1.8M. Total assets increased by 174.4% over the same period, from $242K to $665K. Total functional expenses rose by 10.7%, from $1.5M to $1.7M. In its most recent filing year (2023), Hope Network Services Corporation reported a surplus of $162K, with revenue exceeding expenses. The organization holds $85K in liabilities against $665K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $580K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.7M | $665K | $85K | — | — |
| 2022 | $1.9M | $1.5M | $509K | $91K | — | View 990 |
| 2021 | $1.6M | $1.5M | $150K | $122K | — | View 990 |
| 2020 | $1.5M | $1.5M | $156K | $283K | — | — |
| 2019 | $1.5M | $1.5M | $398K | $479K | — | View 990 |
| 2018 | $1.4M | $1.5M | $208K | $261K | — | View 990 |
| 2017 | $1.5M | $1.6M | $184K | $121K | — | View 990 |
| 2016 | $1.5M | $1.5M | $342K | $189K | — | View 990 |
| 2015 | $1.5M | $1.6M | $327K | $191K | — | View 990 |
| 2014 | $1.7M | $1.7M | $310K | $125K | — | View 990 |
| 2013 | $1.8M | $1.7M | $330K | $166K | — | View 990 |
| 2012 | $1.7M | $1.6M | $254K | $136K | — | View 990 |
| 2011 | $1.4M | $1.5M | $242K | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.7M, and assets of $665K (revenue -2.7% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.5M, and assets of $509K (revenue +14.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $150K (revenue +11.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $156K (revenue +1.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $398K (revenue +1.9% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $208K (revenue -6.7% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $184K (revenue +1.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $342K (revenue -2.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $327K (revenue -9.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $310K (revenue -3.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $330K (revenue +4.9% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $254K (revenue +18.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $242K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Network Services Corporation:
Data Sources and Methodology
This transparency report for Hope Network Services Corporation 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.