Quick charity verification for Hope Ignites New York (EIN: 132990982)
Verdict: Hope Ignites New York appears trustworthy
75/100Mission Score
$4.4MRevenue
$3.4MAssets
3Red Flags
4Strengths
Red Flags
Inconsistent financial performance with multiple years of expenses exceeding revenue (e.g., 202306, 202006, 201906, 201806).
Significant deficit in the most recent filing (202306) where expenses ($2,728,083) were substantially higher than revenue ($1,670,104).
Unknown NTEE code, which limits specific programmatic and comparative analysis.
Strengths
Consistent reporting of 0% officer compensation across all available filings, indicating strong financial stewardship at the executive level.
Consistent filing of IRS 990s over seven periods, demonstrating commitment to transparency and regulatory compliance.
Significant asset base of $3,409,917, providing a buffer despite fluctuating annual performance.
Overall revenue growth trend from $866,240 in 201806 to a latest reported $4,356,974.
Spending Breakdown
How Hope Ignites New York allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Ignites New York
Is Hope Ignites New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Ignites New York (EIN: 132990982) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
Is Hope Ignites New York a good charity to donate to?
Hope Ignites New York has a Mission Score of 75/100. Revenue: $4.4M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hope Ignites New York?
The Employer Identification Number (EIN) for Hope Ignites New York is 132990982. 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 Ignites New York spend its money?
Hope Ignites New York allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hope Ignites New York's tax-exempt status?
You can verify Hope Ignites New York's tax-exempt status using EIN 132990982 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 Ignites New York demonstrates a fluctuating financial picture over the past several years. While the organization reported a latest revenue of $4,356,974 and assets of $3,409,917, its recent filing for the period 202306 shows expenses ($2,728,083) significantly exceeding revenue ($1,670,104), resulting in a net deficit for that year. This trend of expenses exceeding revenue was also observed in 202006, 201906, and 201806, indicating periods of financial strain. However, the organization has also had years of positive net income, such as 202206, 202106, and 201706, suggesting an inconsistent financial performance.
The organization's transparency regarding executive compensation is strong, with 0% reported officer compensation across all available filings. This indicates that the top leadership is not drawing a salary from the organization, which is a positive sign for donor confidence. The NTEE code is unknown, which can sometimes hinder a clear understanding of its specific programmatic focus and comparative analysis within its sector. The consistent filing of IRS 990s over seven periods demonstrates a commitment to regulatory compliance and financial disclosure, contributing positively to its overall transparency.