Is Project Hope Of Eastern Ct Inc Legit?

Quick charity verification for Project Hope Of Eastern Ct Inc (EIN: 201542111)

Verdict: Project Hope Of Eastern Ct Inc appears trustworthy

88/100Mission Score
$1.1MRevenue
$1.3MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Project Hope Of Eastern Ct Inc demonstrates a generally healthy financial trajectory, with significant growth in revenue and assets over the past several years, particularly between 2021 and 2022. The organization's latest reported revenue of $1,111,918 and assets of $1,282,181 indicate a substantial increase in scale. A key strength is the consistent reporting of 0% officer compensation across all available filings, suggesting a strong commitment to directing funds towards its mission rather than executive salaries. However, the 202306 filing shows expenses ($396,798) exceeding revenue ($364,670), resulting in a deficit for that period, which warrants monitoring to ensure long-term sustainability. The organization's consistent filing of IRS Form 990s over 12 periods indicates a commitment to transparency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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