Is Hope Harbor Foundation Inc Legit? —…

Red Flags

Consistent operational deficits (expenses exceeding revenue in most recent years, e.g., $85,393 expenses vs. $66,926 revenue in 2023).
Declining asset base over time (from $1,389,832 in 2016 to $966,257 in 2023), suggesting reliance on reserves to cover deficits.
Unexplained significant revenue spike in 2016 ($1,042,056) with unusually low expenses ($6,283) which is an outlier in its financial history.

Spending Breakdown

How Hope Harbor Foundation Inc 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 Harbor Foundation Inc

Is Hope Harbor Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hope Harbor Foundation Inc (EIN: 200505583) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.

Is Hope Harbor Foundation Inc a good charity to donate to?

Hope Harbor Foundation Inc has a Mission Score of 65/100. Revenue: $254K. Assets: $898K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hope Harbor Foundation Inc?

The Employer Identification Number (EIN) for Hope Harbor Foundation Inc is 200505583. 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 Harbor Foundation Inc spend its money?

Hope Harbor Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Hope Harbor Foundation Inc's tax-exempt status using EIN 200505583 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 Harbor Foundation Inc demonstrates a consistent pattern of operating at a deficit, with expenses frequently exceeding revenue in recent years. For example, in 2023, expenses were $85,393 against revenues of $66,926, and in 2022, expenses were $47,309 against revenues of $30,323. This trend suggests a reliance on existing assets or prior periods' surpluses to cover operational costs. The organization's assets have also shown a declining trend from a peak of $1,389,832 in 2016 to $966,257 in 2023, indicating that these deficits are being covered by drawing down reserves. 

The organization reports 0% officer compensation across all available filings, which is a positive indicator of financial stewardship regarding executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The significant revenue spike in 2016 ($1,042,056) followed by a sharp drop in expenses ($6,283) is an anomaly that warrants further investigation to understand its nature and impact on the organization's long-term financial strategy. 

Overall, while the lack of executive compensation is commendable, the consistent operational deficits and declining asset base raise concerns about the long-term sustainability of Hope Harbor Foundation Inc if current trends continue. More detailed expense breakdowns would enhance transparency and allow for a more precise evaluation of spending efficiency.

Is Hope Harbor Foundation Inc Legit?

Verdict: Hope Harbor Foundation Inc shows mixed signals