Quick charity verification for Hope Academy Gso Inc (EIN: 10930709)
Verdict: Hope Academy Gso Inc appears trustworthy
95/100Mission Score
$2.4MRevenue
$4.5MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program spending breakdown in provided data (though overall financial health is strong)
Strengths
Consistent revenue growth, from $654,526 in 201506 to $1,907,485 in 202406.
Strong asset accumulation, reaching $4,484,686 in 202406.
Extremely low liabilities relative to assets, indicating sound financial management.
0% reported officer compensation across all 14 filings, demonstrating high resource dedication to mission.
Healthy operational surplus, with revenue consistently exceeding expenses (e.g., $1,907,485 revenue vs. $1,850,646 expenses in 202406).
Spending Breakdown
How Hope Academy Gso Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Hope Academy Gso Inc
Is Hope Academy Gso Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Academy Gso Inc (EIN: 10930709) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Hope Academy Gso Inc a good charity to donate to?
Hope Academy Gso Inc has a Mission Score of 95/100. Revenue: $2.4M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hope Academy Gso Inc?
The Employer Identification Number (EIN) for Hope Academy Gso Inc is 10930709. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Hope Academy Gso Inc spend its money?
Hope Academy Gso Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hope Academy Gso Inc's tax-exempt status?
You can verify Hope Academy Gso Inc's tax-exempt status using EIN 10930709 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Hope Academy Gso Inc demonstrates a consistent pattern of financial growth and strong asset accumulation over the past decade. The organization's revenue has steadily increased, reaching $1,907,485 in the latest filing period (202406), with expenses of $1,850,646. This indicates a healthy operational surplus, contributing to its substantial asset base of $4,484,686. The organization's liabilities remain very low relative to its assets, suggesting good financial management and minimal debt burden.
The absence of reported officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources towards its mission. This practice, combined with a clear trend of increasing program spending (implied by rising expenses alongside revenue growth), suggests an efficient use of donor funds. The organization's financial health appears robust, with a strong capacity to sustain and expand its programs.
While specific program spending ratios are not detailed in the provided data, the overall financial picture points to a well-managed and fiscally responsible nonprofit. The consistent growth in assets and revenue, coupled with low liabilities and no reported executive compensation, paints a positive picture of financial stewardship and dedication to its mission.