Quick charity verification for Project Hope (EIN: 204902489)
Verdict: Project Hope appears trustworthy
92/100Mission Score
$44KRevenue
$51KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency.
Consistent growth in assets, from $9,965 in 2016 to $65,331 in 2023, demonstrating financial stability.
Expenses consistently lower than revenue in recent years (e.g., $12,025 expenses vs. $18,961 revenue in 2023), showing strong financial management.
No reported liabilities in recent filings (2021-2023), indicating a healthy balance sheet.
Consistent IRS 990 filing history, demonstrating transparency and compliance.
Spending Breakdown
How Project Hope allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Project Hope
Is Project Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Hope (EIN: 204902489) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Project Hope a good charity to donate to?
Project Hope has a Mission Score of 92/100. Revenue: $44K. Assets: $51K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Hope?
The Employer Identification Number (EIN) for Project Hope is 204902489. 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 Project Hope spend its money?
Project Hope allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Hope's tax-exempt status?
You can verify Project Hope's tax-exempt status using EIN 204902489 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
Project Hope, a small nonprofit based in Moscow, ID, demonstrates a consistent commitment to its mission with a strong program spending ratio. Over the past three years (2021-2023), the organization has consistently spent a significantly lower amount on expenses compared to its revenue, leading to a healthy accumulation of assets, growing from $42,497 in 2021 to $65,331 in 2023. This indicates efficient management of incoming funds and a focus on building reserves.
The organization's financial transparency is excellent, as evidenced by its consistent filing of IRS Form 990s and the complete absence of reported officer compensation across all available filings. This suggests that the organization is run by volunteers or that compensation falls below reporting thresholds, which is common for smaller entities. The lack of liabilities in recent years further strengthens its financial position.
While the organization's revenue has fluctuated, with a peak of $56,012 in 2019 and a more recent $18,961 in 2023, its ability to manage expenses well below revenue in recent periods (e.g., $18,961 revenue vs. $12,025 expenses in 2023) is a positive indicator of sustainability and fiscal prudence. The consistent growth in assets, from $9,965 in 2016 to $65,331 in 2023, further underscores its financial health.