Foundation Of Hope Inc
Foundation Of Hope Inc faces recent operating deficits despite consistent revenue growth and zero reported officer compensation.
EIN: 205218569 · Pittsburgh, PA · NTEE: P46 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $281K |
| Transparency Score | 75/100 |
Is Foundation 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 →
Foundation Of Hope Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation Of Hope Inc
Foundation Of Hope Inc (EIN: 205218569) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code P46. The organization reported total revenue of $2.1M and total assets of $645K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation Of Hope Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-217,377 |
| Total Assets | $362K |
| Total Liabilities | $81K |
| Net Assets | $281K |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Foundation Of Hope Inc reported a deficit of $217K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.4% | +23.2% | -45.3% |
| 2022 | -23.2% | +33.7% | -38.3% |
| 2021 | +7.4% | +10.6% | +29.1% |
| 2020 | +10.7% | +1.6% | +48.4% |
| 2019 | +48.1% | +15.7% | +40.1% |
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 Foundation Of Hope Inc with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Foundation Of Hope Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $217K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size with revenues exceeding $1 million annually. This suggests a strong commitment to directing funds towards programs or that leadership is entirely volunteer-based.
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 Foundation Of Hope Inc's IRS 990 filings:
- Consistent operating deficits in recent years (2023 and 2022)
- Significant decrease in assets from $1,074,299 in 2021 to $362,222 in 2023
- Unusually low (0%) reported officer compensation for an organization of this revenue size, which could indicate reliance on unpaid leadership or alternative compensation structures not fully transparent in the 990.
Strengths
The following positive indicators were identified for Foundation Of Hope Inc:
- Strong commitment to mission, evidenced by 0% reported officer compensation across all filings
- History of significant revenue generation, with latest revenue at $2,066,311
- Maintained a positive asset base, even with recent declines, indicating some financial stability
Frequently Asked Questions about Foundation Of Hope Inc
Is Foundation Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation Of Hope Inc (EIN: 205218569) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Foundation Of Hope Inc spend its money?
Foundation Of Hope Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation Of Hope Inc tax-deductible?
Foundation Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 205218569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundation Of Hope Inc CEO make?
Foundation Of Hope Inc's highest-compensated officer earns $1 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundation Of Hope Inc's spending goes to programs?
Foundation Of Hope Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation Of Hope Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Foundation Of Hope Inc is above average for NTEE category P46 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation Of Hope Inc located?
Foundation Of Hope Inc is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 205218569. It is classified under NTEE code P46.
How many years of IRS 990 filings does Foundation Of Hope Inc have?
Foundation Of Hope Inc has 13 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 $2.1M in total revenue.
Is Foundation Of Hope Inc financially sustainable given recent operating deficits?
The organization has experienced operating deficits in 2023 ($217,377) and 2022 ($546,380), where expenses exceeded revenue. While they have a history of surpluses, this recent trend suggests a need to monitor their financial sustainability closely.
How does Foundation Of Hope Inc manage without paid officers?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues over $1 million. This implies that leadership roles are either entirely volunteer-based or compensated through other means not categorized as officer compensation, which could impact operational capacity or indicate strong volunteer engagement.
What caused the significant decrease in assets from 2021 to 2023?
Assets decreased from $1,074,299 in 2021 to $362,222 in 2023. This substantial reduction, coupled with recent operating deficits, suggests the organization may have used reserves to cover expenses or experienced significant asset depreciation/disposal.
Filing History
IRS 990 filing history for Foundation Of Hope Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation Of Hope Inc's revenue has grown by 834.4%, moving from $206K to $1.9M. Total assets increased by 809.8% over the same period, from $40K to $362K. Total functional expenses rose by 950.4%, from $204K to $2.1M. In its most recent filing year (2023), Foundation Of Hope Inc reported a deficit of $217K, with expenses exceeding revenue. The organization holds $81K in liabilities against $362K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $281K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.1M | $362K | $81K | — | — |
| 2022 | $1.2M | $1.7M | $663K | $164K | — | View 990 |
| 2021 | $1.6M | $1.3M | $1.1M | $30K | — | View 990 |
| 2020 | $1.4M | $1.2M | $832K | $40K | — | View 990 |
| 2019 | $1.3M | $1.2M | $561K | $39K | — | View 990 |
| 2018 | $882K | $999K | $400K | $28K | — | View 990 |
| 2017 | $1.0M | $805K | $511K | $21K | — | View 990 |
| 2016 | $670K | $702K | $303K | $27K | — | View 990 |
| 2015 | $760K | $633K | $330K | $21K | — | View 990 |
| 2014 | $279K | $175K | $183K | $885 | — | View 990 |
| 2013 | $228K | $185K | $83K | $5K | — | View 990 |
| 2012 | $200K | $201K | $38K | $4K | — | View 990 |
| 2011 | $206K | $204K | $40K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.1M, and assets of $362K (revenue +61.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.7M, and assets of $663K (revenue -23.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $1.1M (revenue +7.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $832K (revenue +10.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $561K (revenue +48.1% year-over-year).
- 2018: Revenue of $882K, expenses of $999K, and assets of $400K (revenue -13.5% year-over-year).
- 2017: Revenue of $1.0M, expenses of $805K, and assets of $511K (revenue +52.1% year-over-year).
- 2016: Revenue of $670K, expenses of $702K, and assets of $303K (revenue -11.9% year-over-year).
- 2015: Revenue of $760K, expenses of $633K, and assets of $330K (revenue +172.3% year-over-year).
- 2014: Revenue of $279K, expenses of $175K, and assets of $183K (revenue +22.2% year-over-year).
- 2013: Revenue of $228K, expenses of $185K, and assets of $83K (revenue +14.4% year-over-year).
- 2012: Revenue of $200K, expenses of $201K, and assets of $38K (revenue -3.1% year-over-year).
- 2011: Revenue of $206K, expenses of $204K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation Of Hope Inc:
Data Sources and Methodology
This transparency report for Foundation 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.