Is Hope Extreme Inc Legit?

Strengths

Consistent revenue growth, from $79,890 in 2017 to $340,310 in 2023.
Consistent operating surpluses, with revenues exceeding expenses in most reported periods.
Zero officer compensation reported, suggesting high volunteer involvement or efficient use of funds.
Significant asset growth, from $596,200 in 2014 to $966,943 in 2023, indicating financial stability.
Decreasing liabilities over recent years, improving the organization's net asset position.

Spending Breakdown

How Hope Extreme Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Extreme Inc

Is Hope Extreme Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hope Extreme Inc (EIN: 205871523) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Hope Extreme Inc a good charity to donate to?

Hope Extreme Inc has a Mission Score of 85/100. Revenue: $345K. Assets: $983K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hope Extreme Inc?

The Employer Identification Number (EIN) for Hope Extreme Inc is 205871523. 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 Extreme Inc spend its money?

Hope Extreme Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hope Extreme Inc's tax-exempt status?

You can verify Hope Extreme Inc's tax-exempt status using EIN 205871523 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 Extreme Inc. demonstrates a consistent financial history with steady revenue growth over the past several years, reaching $340,310 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenues of $340,310 significantly exceeded expenses of $231,792. This indicates sound financial management and the ability to build reserves, with assets growing to $966,943 in 2023. The organization's liabilities have also shown a positive trend, decreasing from a high of $414,609 in 2016 to $242,022 in 2023, further strengthening its financial position.

Regarding spending efficiency, the provided data indicates that the organization has zero officer compensation, which suggests a high degree of volunteer involvement or that key leadership roles are unpaid, potentially maximizing funds available for programs. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the overall expense levels relative to revenue suggest a lean operation. The consistent surpluses allow for asset accumulation, which can provide long-term stability and capacity for future program expansion.

Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods. The absence of officer compensation is a notable point for transparency, indicating that a significant portion of funds is not being diverted to high executive salaries. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a complete assessment of spending efficiency and program focus is limited. Further detail on how the $231,792 in expenses for 2023 was allocated would enhance transparency.

Verdict: Hope Extreme Inc appears trustworthy

Red Flags