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.
Spending Breakdown
How Hope Association 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 Association
Is Hope Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Association (EIN: 10274898) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Hope Association a good charity to donate to?
Hope Association has a Mission Score of 92/100. Revenue: $7.0M. Assets: $12.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hope Association?
The Employer Identification Number (EIN) for Hope Association is 10274898. 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 Association spend its money?
Hope Association allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hope Association's tax-exempt status?
You can verify Hope Association's tax-exempt status using EIN 10274898 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 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'.