Quick charity verification for Hope For Depression Research Foundation (EIN: 204559210)
Verdict: Hope For Depression Research Foundation appears trustworthy
90/100Mission Score
$2.7MRevenue
$44.1MAssets
2Red Flags
4Strengths
Red Flags
Significant fluctuations in annual revenue and expenses, particularly the large deficit in 202306 where expenses were more than double revenue.
Consistent 0% officer compensation reported across all filings, which is highly unusual for an organization of this size and could indicate compensation is reported in less transparent ways or through related entities.
Strengths
High percentage of spending consistently allocated to program services (75% in 202306).
Strong asset base ($47,213,164 in 202306) providing financial stability.
Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
Low liabilities relative to assets, suggesting good financial management and solvency.
Spending Breakdown
How Hope For Depression Research Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 For Depression Research Foundation
Is Hope For Depression Research Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope For Depression Research Foundation (EIN: 204559210) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Hope For Depression Research Foundation a good charity to donate to?
Hope For Depression Research Foundation has a Mission Score of 90/100. Revenue: $2.7M. Assets: $44.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hope For Depression Research Foundation?
The Employer Identification Number (EIN) for Hope For Depression Research Foundation is 204559210. 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 For Depression Research Foundation spend its money?
Hope For Depression Research Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hope For Depression Research Foundation's tax-exempt status?
You can verify Hope For Depression Research Foundation's tax-exempt status using EIN 204559210 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 For Depression Research Foundation demonstrates a strong commitment to its program services, with a significant portion of its expenses consistently directed towards its mission. For instance, in the 202306 period, 75% of its $7,749,109 in expenses were allocated to programs. The organization's financial health shows some volatility in revenue, with a notable spike in 202008 to $38,115,467, but generally maintains substantial assets, reaching $47,213,164 in the latest filing. This substantial asset base, particularly compared to its liabilities, indicates a stable financial position.
Spending efficiency is generally good, with program spending consistently high. The organization also reports 0% officer compensation across all available filings, which is a significant indicator of efficient use of funds and a strong commitment to directing resources to its mission rather than executive salaries. This practice enhances its transparency and trustworthiness.
While the organization's financial reporting consistently shows 0% officer compensation, which is excellent for transparency, the significant fluctuations in revenue and expenses over the years, such as the large expense in 202306 ($7,749,109) compared to revenue ($3,383,561), warrant closer examination to understand the underlying causes and ensure long-term sustainability. However, the substantial asset base provides a buffer during periods of deficit spending.