Quick charity verification for Opportunities For Hope Inc (EIN: 222515061)
Verdict: Opportunities For Hope Inc shows mixed signals
65/100Mission Score
$635KRevenue
$915KAssets
3Red Flags
3Strengths
Red Flags
Total assets have shown a consistent decline from $1,547,891 in 2020 to $914,771 in 2023, a decrease of over 40%.
Net assets (assets minus liabilities) have also decreased significantly over the past few years, indicating a potential erosion of financial stability.
The provided data lacks specific details on program activities and their associated costs, making it difficult to fully evaluate program effectiveness.
Strengths
The organization has maintained a relatively stable revenue stream, consistently around $1.8M - $2.3M over the past eight years.
Liabilities have remained relatively low compared to assets, suggesting a manageable debt burden.
Consistent filing of financial data demonstrates a basic level of compliance and accountability.
Spending Breakdown
How Opportunities For Hope 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 Opportunities For Hope Inc
Is Opportunities For Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opportunities For Hope Inc (EIN: 222515061) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Opportunities For Hope Inc a good charity to donate to?
Opportunities For Hope Inc has a Mission Score of 65/100. Revenue: $635K. Assets: $915K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Opportunities For Hope Inc?
The Employer Identification Number (EIN) for Opportunities For Hope Inc is 222515061. 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 Opportunities For Hope Inc spend its money?
Opportunities For Hope Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Opportunities For Hope Inc's tax-exempt status?
You can verify Opportunities For Hope Inc's tax-exempt status using EIN 222515061 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
Opportunities For Hope Inc is a unknown nonprofit based in Fitchburg, Massachusetts, with reported revenue of $635K and assets of $915K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. • Financial filings are consistently available, but detailed program breakdowns are not readily apparent.
• No clear narrative or impact report is provided with the raw financial data.
• The organization's website (if any) is not linked or referenced in the provided data, hindering access to further transparency. Executive compensation cannot be assessed from the provided data, as no specific compensation figures are included in the financial filings. Revenue has grown +49% across 12 filing periods.