HOPE ENTERPRISE CORPORATION

JACKSON, MS, 39202-3434 (601) 944-1100 Est. 1993 EIN 64-0851798
S20 - Community & Neighborhood Development 990 - Public charity return 501(c)(3)
www.hope-ec.org

Mission

TO STRENGTHEN THE FINANCIAL HEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES.

Giving Portfolio

Total Grants
123
Total Giving
$3.6M
Recipients
123
Years Active
2018 - 2024
Avg grant: $92,889 Median: $10,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202414$726K $52K122
202384$1.9M $22K831
202221$268K $13K210
20202$150K $75K11
20182$605K $303K20

Sectors Funded

Community Improvement
4
Human Services
1
Youth Development
1

Top States

Mississippi
85
Louisiana
15
Alabama
9
Arkansas
7
Tennessee
5
Missouri
1
Texas
1

Grantee Size Profile

$1M - $5M
3
$10M - $50M
1
$5M - $10M
1
$100K - $500K
1

Top Grantees

Page 1 of 3
HOPE FEDERAL CREDIT UNION
MS - 3 grants
$755K
CANSECO PROPERTIES FILMORE LLC
LA - 2 grants
$200K
MO
$140K
MARKETFARE
LA
$100K
SONYA BEE'S BOUTIQUE
MS
$50K
KITCHEN CABINETS FACTORY DIRECT
MS
$50K

Grants Awarded · 6 grants

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Financials

Total Revenue
$46,032,084
Total Expenses
$27,445,916
Net Assets
$63,644,767
62 employees 21 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
2.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 142.3%
Expenses ↑ 9.2%
Revenue Sources
Contributions 89.8% Earned revenue 10.2%
Expense Breakdown
Program 70.5% Management 27.3% Fundraising 2.2%

Officers & Trustees (30)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$46,032,084 ↑$27,445,916$63,644,767
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$18,999,928 ↑$25,123,190$46,965,734
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$16,452,878 ↓$13,825,024$52,333,647
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$43,437,438 ↑$16,533,531$53,123,262
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$16,174,799 $15,581,206$32,916,307

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EIN: 64-0851798 · Source: IRS Form 990 e-file data