Hope Spectrum Health Cc
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $7,685,372↑51% | $5,224,644↓24% | $9,147,942↑5% | — |
| 2022 | $5,089,145↓20% | $6,836,251↑11% | $8,724,576↑31% | — |
| 2021 | $6,358,729↓4% | $6,133,954↓6% | $6,650,186↑13% | — |
| 2020 | $6,652,025↓5% | $6,528,602↓3% | $5,884,409↑7% | — |
| 2019 | $7,038,743↓3% | $6,751,570↑3% | $5,499,023↑10% | — |
| 2018 | $7,228,123↑13% | $6,543,393 | $5,002,474↑1% | — |
| 2017 | $6,411,410↑6% | $6,538,498↑2% | $4,936,292↑6% | — |
| 2016 | $6,045,668↓8% | $6,426,390↓8% | $4,660,649↓7% | — |
| 2015 | $6,576,488↓10% | $6,984,288↓8% | $4,991,604↓7% | — |
| 2014 | $7,318,845↑11% | $7,551,089↑3% | $5,382,006↓9% | — |
| 2013 | $6,606,356↓7% | $7,363,553↑6% | $5,899,751↓11% | — |
| 2012 | $7,137,596↑11% | $6,961,872↑13% | $6,610,140↑3% | — |
| 2011 | $6,432,176 | $6,169,170 | $6,437,439 | — |
Frequently Asked Questions
What does Hope Spectrum Health Cc do?▼
Hope Spectrum Health Cc is a housing & shelter nonprofit organization based in Michigan. It is classified under NTEE code L20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Hope Spectrum Health Cc financially healthy?▼
Based on our 9-metric Financial Health Score model, Hope Spectrum Health Cc has a score of 80/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Hope Spectrum Health Cc generate?▼
Hope Spectrum Health Cc reports $7.7M in annual revenue and holds $9.1M in total assets, based on IRS filings.
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