Mississippi · Nonprofit
HOPE ENTERPRISE CORPORATION
HOPE ENTERPRISE CORPORATION (Mississippi) receives grants from 55 organizations whose IRS filings report $114,812,959 to it, the largest being The Chicago Community Trust ($38,200,000). 22 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $46M
- Funders on record
- 55
- Grants received
- $115M
- Net assets
- $64M
What Hope Enterprise Corporation does
Mission
To strengthen the financial health of people in under-resourced deep south communities.
As stated on its FY2024 Form 990.
Programs
Development finance specializes in loans to small to medium sized manufacturing and service businesses.
$10,615,929 spentof which $1,706,310 as grants$1,523,685 earned by the program59% of program spendingRegional development of systems and organizations to improve housing, communications, workforce training, general business development and access to capital.
$6,158,952 spentof which $221,900 as grants$2,761,270 earned by the program34% of program spendingTechnical assistance to small and medium sized manufacturing and service businesses in the area of management consulting and in the areas of improvements of processes and systems.
$708,728 spent4% of program spendingHousing initiative provides finance for affordable housing to families.
$583,973 spent$37,257 earned by the program3% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $18,067,582.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $55M to $166M (+202%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 7% · 2022 19% · 2023 24% · 2024 12%. Grants only. Government contracts and fees sit inside program revenue.
90% of HOPE ENTERPRISE CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
William Bynum
President/CEO
Board chair
Robert Gibbs
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 20 funders, grant income rose $4.3M → $10M.
16 of 55 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 60% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of HOPE ENTERPRISE CORPORATION’s funders (the co-funder graph). Top 30 of 55 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HOPE ENTERPRISE CORPORATION leans on a few funders — its largest provides 33% of grant income and the top three 66%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
71% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HOPE ENTERPRISE CORPORATION.
Largest funder’s share by year: 2017 76% · 2018 36% · 2019 45% · 2020 36% · 2021 33% · 2022 46% · 2023 41% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
31% of HOPE ENTERPRISE CORPORATION's funders are still giving 3 years after their first grant; 40% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of HOPE ENTERPRISE CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $46M that is directly attributable, 99% of it comes from funders outside Mississippi, across 19 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $69M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HOPE ENTERPRISE CORPORATION runs a healthier operating margin than three-quarters of the 659 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Government funding HOPE ENTERPRISE CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $191.1M on record.
- Environmental Protection Agency$156.1M
- Department of Education$24.0M
- Department of the Treasury$8.0M
- Department of Housing and Urban Development$3.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like HOPE ENTERPRISE CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Mississippi
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Public support
51%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 5 states
Part of a family of 26 related entities
- Home Again Inc · exempt
- Ecd Investments LLC · partnership
- Ecd Associates LLC · partnership
- Ecd New Markets LLC · partnership
- Hope New Markets 5 LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for HOPE ENTERPRISE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HOPE ENTERPRISE CORPORATION?
- HOPE ENTERPRISE CORPORATION (Mississippi) receives grants from 55 organizations whose IRS filings report $114,812,959 to it, the largest being The Chicago Community Trust ($38,200,000). 22 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does HOPE ENTERPRISE CORPORATION have?
- IRS filings report 55 organizations giving $114,812,959 in grants to HOPE ENTERPRISE CORPORATION, 22 of which have funded it in more than one year.
- Who is the largest funder of HOPE ENTERPRISE CORPORATION?
- The Chicago Community Trust is the largest funder on record, with $38,200,000 in grants. The full list of funders is on this page.
- How can an organization like HOPE ENTERPRISE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Mississippi. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 55 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing