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
Expenses exceeded revenue in the 202306 filing period ($396,798 vs. $364,670), indicating a deficit for that year.
Significant increase in liabilities from $3,854 in 2021 to $185,375 in 2023, which warrants further investigation into their nature.
Strengths
Consistent reporting of 0% officer compensation across all 12 filings, indicating strong resource allocation to mission.
Significant growth in revenue and assets, with assets increasing from $144,972 in 2021 to $878,241 in 2023.
Long history of IRS 990 filings (12 periods), demonstrating consistent transparency and compliance.
Strong asset base ($1,282,181 latest reported) relative to recent annual expenses, providing financial stability.
Spending Breakdown
How Project Hope Of Eastern Ct Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Of Eastern Ct Inc
Is Project Hope Of Eastern Ct Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Hope Of Eastern Ct Inc (EIN: 201542111) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
Is Project Hope Of Eastern Ct Inc a good charity to donate to?
Project Hope Of Eastern Ct Inc has a Mission Score of 88/100. Revenue: $1.1M. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Hope Of Eastern Ct Inc?
The Employer Identification Number (EIN) for Project Hope Of Eastern Ct Inc is 201542111. 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 Of Eastern Ct Inc spend its money?
Project Hope Of Eastern Ct Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Hope Of Eastern Ct Inc's tax-exempt status?
You can verify Project Hope Of Eastern Ct Inc's tax-exempt status using EIN 201542111 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 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.