Quick charity verification for Hope Association (EIN: 10274898)
Verdict: Hope Association appears trustworthy
92/100Mission Score
$7.0MRevenue
$12.3MAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
Consistent revenue growth, increasing from $3.38M in 2015 to $5.25M in 2024.
Healthy asset growth, more than doubling from $5.72M in 2015 to $11.30M in 2024.
Maintains a positive operating surplus, with revenue consistently exceeding expenses.
Low liabilities relative to assets, indicating strong financial stability.
No reported officer compensation, suggesting a high dedication of resources to the mission or volunteer leadership.
AI Transparency Report
Hope Association demonstrates strong financial health and consistent growth over the past decade. Their revenue has steadily increased from $3.38 million in 2015 to $5.25 million in 2024, with assets growing from $5.72 million to $11.30 million in the same period. The organization consistently operates with a surplus, as seen in 2024 where revenue of $5,247,394 exceeded expenses of $4,942,149. This indicates effective financial management and a healthy reserve.
The organization's spending efficiency appears robust, with a significant portion of expenses likely directed towards program services, given the absence of reported officer compensation. The consistent growth in assets and relatively low liabilities across all reported periods suggest a stable financial foundation. The lack of reported officer compensation also points to a high degree of transparency regarding executive pay, or that executive roles are filled by volunteers or compensated through other means not captured in 'Officer Comp'.