Clinics Of Hope Inc
Clinics Of Hope Inc maintains strong asset growth and zero liabilities, despite recent revenue dip.
EIN: 201288546 · Pawtucket, RI · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $84K |
| Program Spending | 90% |
| Net Assets | $81K |
| Transparency Score | 85/100 |
Is Clinics Of Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clinics Of Hope Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clinics Of Hope Inc
Clinics Of Hope Inc (EIN: 201288546) is a nonprofit organization based in Pawtucket, RI, classified under NTEE code Q33. The organization reported total revenue of $75K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clinics Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clinics Of Hope Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $84K |
| Surplus / Deficit | $-24,372 |
| Total Assets | $81K |
| Net Assets | $81K |
| Operating Margin | -40.5% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2023, Clinics Of Hope Inc reported a deficit of $24K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Clinics Of Hope Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.7% | +42.5% | -23.1% |
| 2022 | -5.8% | -20.1% | +51.2% |
| 2021 | +48.8% | +23.3% | +61.5% |
| 2020 | -23.8% | -12.1% | +21.2% |
| 2019 | +31.8% | -4.1% | +134.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clinics Of Hope Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Clinics Of Hope Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
Executive Compensation Analysis
Clinics Of Hope Inc reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size and suggests a volunteer-driven leadership model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clinics Of Hope Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal year (202312), with $84,487 in expenses against $60,115 in revenue.
Strengths
The following positive indicators were identified for Clinics Of Hope Inc:
- Consistent reporting of $0 liabilities across all ten filing periods.
- Significant asset growth from $15,193 in 2018 to $80,916 in 2023.
- No reported officer compensation, suggesting high dedication of funds to programs.
- Consistent filing of IRS Form 990s, indicating strong transparency.
Frequently Asked Questions about Clinics Of Hope Inc
Is Clinics Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clinics Of Hope Inc (EIN: 201288546) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Clinics Of Hope Inc spend its money?
Clinics Of Hope Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clinics Of Hope Inc tax-deductible?
Clinics Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 201288546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Clinics Of Hope Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Clinics Of Hope Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Clinics Of Hope Inc located?
Clinics Of Hope Inc is headquartered in Pawtucket, Rhode Island and files with the IRS under EIN 201288546. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Clinics Of Hope Inc have?
Clinics Of Hope Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $75K in total revenue.
Is Clinics Of Hope Inc a good charity?
Based on the available IRS 990 data, Clinics Of Hope Inc appears to be a good charity. It consistently reports zero liabilities, has grown its assets significantly over time, and reports no officer compensation, suggesting a high dedication of funds to its mission. While the 2023 fiscal year showed a deficit, this is not a consistent trend.
How does Clinics Of Hope Inc manage its debt?
Clinics Of Hope Inc has consistently reported $0 in liabilities across all ten years of its filing history, indicating excellent debt management and a strong financial position free from external debt.
What is the trend in Clinics Of Hope Inc's revenue?
Clinics Of Hope Inc's revenue has fluctuated, with a peak of $100,745 in 2021 and a low of $20,630 in 2015. The most recent filing (2023) shows revenue at $60,115, which is a decrease from the previous year's $94,948.
Does Clinics Of Hope Inc pay its executives?
According to the IRS 990 data, Clinics Of Hope Inc reports 0% officer compensation for all ten periods, suggesting that its executives are not compensated through traditional officer salaries.
Filing History
IRS 990 filing history for Clinics Of Hope Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Clinics Of Hope Inc's revenue has declined by 26.6%, moving from $82K to $60K. Total assets increased by 53.1% over the same period, from $53K to $81K. Total functional expenses rose by 92.1%, from $44K to $84K. In its most recent filing year (2023), Clinics Of Hope Inc reported a deficit of $24K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $84K | $81K | $0 | — | View 990 |
| 2022 | $95K | $59K | $105K | $0 | — | View 990 |
| 2021 | $101K | $74K | $70K | $0 | — | — |
| 2020 | $68K | $60K | $43K | $0 | — | — |
| 2019 | $89K | $68K | $36K | $0 | — | View 990 |
| 2018 | $67K | $71K | $15K | $0 | — | View 990 |
| 2017 | $57K | $60K | $19K | $0 | — | View 990 |
| 2016 | $51K | $52K | $22K | $0 | — | View 990 |
| 2015 | $21K | $50K | $23K | $0 | — | View 990 |
| 2014 | $82K | $44K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $84K, and assets of $81K (revenue -36.7% year-over-year).
- 2022: Revenue of $95K, expenses of $59K, and assets of $105K (revenue -5.8% year-over-year).
- 2021: Revenue of $101K, expenses of $74K, and assets of $70K (revenue +48.8% year-over-year).
- 2020: Revenue of $68K, expenses of $60K, and assets of $43K (revenue -23.8% year-over-year).
- 2019: Revenue of $89K, expenses of $68K, and assets of $36K (revenue +31.8% year-over-year).
- 2018: Revenue of $67K, expenses of $71K, and assets of $15K (revenue +19.1% year-over-year).
- 2017: Revenue of $57K, expenses of $60K, and assets of $19K (revenue +10.5% year-over-year).
- 2016: Revenue of $51K, expenses of $52K, and assets of $22K (revenue +148.3% year-over-year).
- 2015: Revenue of $21K, expenses of $50K, and assets of $23K (revenue -74.8% year-over-year).
- 2014: Revenue of $82K, expenses of $44K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clinics Of Hope Inc:
Data Sources and Methodology
This transparency report for Clinics Of Hope Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.