Hope Network
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 17 peers in Housing & Shelter with $100M-$1B revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $165,555,027↑5% | $147,069,397 | $144,975,915↑35% | |
| 2022 | $158,285,699↑3% | $147,314,748↑3% | $107,133,184↑6% | — |
| 2021 | $153,118,901↑2% | $143,302,121↓3% | $101,187,581↑6% | — |
| 2020 | $149,586,179↓4% | $147,349,371↑2% | $95,160,352↓11% | — |
| 2019 | $156,117,363↑7% | $145,017,489↑7% | $106,358,398↑14% | — |
| 2018 | $145,655,885↑7% | $135,639,349↑6% | $93,249,680↑10% | — |
| 2017 | $136,246,161↑5% | $128,252,231↑5% | $84,847,144↑2% | — |
| 2016 | $129,189,608↑4% | $121,915,482↑3% | $83,143,290↑5% | — |
| 2015 | $124,777,778↑1% | $118,013,926↓3% | $79,084,471↑3% | — |
| 2014 | $123,655,359↑1% | $121,984,628↓1% | $76,613,662↑6% | — |
| 2013 | $122,723,669↑2% | $123,066,108↑3% | $72,496,622↑4% | — |
| 2012 | $120,876,249↑28% | $119,217,800↑32% | $69,985,007↑11% | — |
| 2011 | $94,337,149 | $90,087,297 | $62,828,562 | — |
Frequently Asked Questions
What does Hope Network do?▼
Hope Network 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 Network financially healthy?▼
Based on our 9-metric Financial Health Score model, Hope Network has a score of 72/100 (Grade: B+). 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 Network generate?▼
Hope Network reports $183.8M in annual revenue and holds $160.6M in total assets, based on IRS filings.
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