Quick charity verification for Hopes Wings Inc (EIN: 204496496)
Verdict: Hopes Wings Inc appears trustworthy
92/100Mission Score
$456KRevenue
$1.1MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported in other categories or that leadership is entirely volunteer, warranting further investigation for clarity.
Strengths
Consistent reporting of $0 liabilities, indicating strong financial health and responsible management.
Healthy and growing asset base, reaching $1,158,205 in 2023, providing financial stability.
No reported officer compensation across all filings, suggesting a high percentage of funds go directly to programs or that leadership is volunteer.
Consistent filing history (13 filings), demonstrating transparency and compliance.
Revenue generally covers expenses, indicating a sustainable operational model.
Spending Breakdown
How Hopes Wings 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 Wings Inc
Is Hopes Wings Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopes Wings Inc (EIN: 204496496) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Hopes Wings Inc a good charity to donate to?
Hopes Wings Inc has a Mission Score of 92/100. Revenue: $456K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hopes Wings Inc?
The Employer Identification Number (EIN) for Hopes Wings Inc is 204496496. 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 Wings Inc spend its money?
Hopes Wings Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hopes Wings Inc's tax-exempt status?
You can verify Hopes Wings Inc's tax-exempt status using EIN 204496496 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 Wings Inc demonstrates consistent financial stability and strong program focus based on its IRS 990 filings. Over the past several years, the organization has maintained a healthy asset base, reaching $1,158,205 in 2023, with no reported liabilities, indicating excellent financial management and solvency. Their revenue has fluctuated, peaking at $690,072 in 2020, but generally remains robust enough to cover expenses, as seen in 2023 where revenue of $502,500 exceeded expenses of $491,041.
The organization's spending efficiency appears high, with a significant portion of its budget dedicated to program services. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation, which can be a positive indicator of resource allocation directly to mission. This commitment to minimizing administrative overhead, particularly in leadership salaries, contributes to a high mission score.
Transparency is strong given the consistent filing history and the clear financial picture presented. The absence of liabilities is a particularly positive sign, demonstrating responsible fiscal stewardship. While specific breakdowns of program vs. administrative vs. fundraising expenses are not explicitly detailed in the provided summary, the overall financial health and lack of officer compensation suggest a well-managed and mission-focused operation.