Quick charity verification for Hopes Door Inc (EIN: 133023259)
Verdict: Hopes Door Inc appears trustworthy
92/100Mission Score
$3.2MRevenue
$3.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $1.8M in 2014 to $3.3M in 2023.
Positive net income in most recent years (e.g., $323,909 in 2023), indicating sound financial management.
No reported officer compensation across all 13 filings, suggesting high efficiency and dedication of resources to programs.
Healthy asset-to-liability ratio ($3.1M assets vs. $0.4M liabilities in 2023), indicating strong financial reserves.
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and compliance.
Spending Breakdown
How Hopes Door Inc 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 Hopes Door Inc
Is Hopes Door Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopes Door Inc (EIN: 133023259) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Hopes Door Inc a good charity to donate to?
Hopes Door Inc has a Mission Score of 92/100. Revenue: $3.2M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hopes Door Inc?
The Employer Identification Number (EIN) for Hopes Door Inc is 133023259. 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 Hopes Door Inc spend its money?
Hopes Door Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hopes Door Inc's tax-exempt status?
You can verify Hopes Door Inc's tax-exempt status using EIN 133023259 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
Hopes Door Inc demonstrates a generally stable financial position with consistent revenue growth over the past decade, reaching $3,358,104 in the 2023 fiscal period. The organization has consistently managed to keep expenses below revenue in recent years, as seen in 2023 where expenses were $3,034,195 against $3,358,104 in revenue, contributing to a healthy accumulation of assets, which stood at $3,164,806 in 2023. This indicates sound financial management and an ability to build reserves.
While specific program, administrative, and fundraising spending breakdowns are not provided in the raw data, the consistent positive net income suggests efficient use of funds. The organization's liabilities have remained manageable relative to its assets, with liabilities of $411,253 against assets of $3,164,806 in 2023, indicating a low financial risk. The absence of reported officer compensation across all available filings points to a high degree of transparency and a commitment to directing funds towards the mission rather than executive salaries.
Overall, Hopes Door Inc appears to be a financially healthy and well-managed nonprofit. Its consistent growth, positive net income, and lack of reported officer compensation are strong indicators of financial stability and a focus on its programmatic goals. The organization's financial trajectory suggests a sustainable model for its operations.