Greater Alliance Hopes & Dreams Foundation For Children Inc
Greater Alliance Hopes & Dreams Foundation maintains strong asset growth with zero officer compensation.
EIN: 201970767 · Paramus, NJ · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $279K |
| Total Expenses | $10K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $331,840. |
| Net Assets | $337K |
| Transparency Score | 90/100 |
Is Greater Alliance Hopes & Dreams Foundation For Children Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Alliance Hopes & Dreams Foundation For Children Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Alliance Hopes & Dreams Foundation For Children Inc
Greater Alliance Hopes & Dreams Foundation For Children Inc (EIN: 201970767) is a nonprofit organization based in Paramus, NJ, classified under NTEE code T30. The organization reported total revenue of $279K and total assets of $332K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Alliance Hopes & Dreams Foundation For Children Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Alliance Hopes & Dreams Foundation For Children Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $10K |
| Surplus / Deficit | +$12K |
| Total Assets | $337K |
| Net Assets | $337K |
| Operating Margin | 53.9% |
| Months of Reserves | 387.2 months |
Financial Health Grade: A
In 2023, Greater Alliance Hopes & Dreams Foundation For Children Inc reported a surplus of $12K with revenue exceeding expenses, holds 387.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Greater Alliance Hopes & Dreams Foundation For Children Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +9.1% | +31.5% |
| 2022 | -41.0% | +40.9% | -10.2% |
| 2021 | +273.9% | -55.8% | +31.7% |
| 2020 | -70.4% | -53.9% | +35.5% |
| 2019 | +49.4% | +19.0% | +32.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Greater Alliance Hopes & Dreams Foundation For Children Inc with a Mission Score of 90 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, Greater Alliance Hopes & Dreams Foundation For Children 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 surplus of $12K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-reportable means, which is highly favorable for a nonprofit of its size with assets of $331,840.
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.
Strengths
The following positive indicators were identified for Greater Alliance Hopes & Dreams Foundation For Children Inc:
- Consistent asset growth, from $72,975 in 2015 to $337,445 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Zero liabilities reported in all available periods, demonstrating strong financial health and no debt.
- Expenses consistently managed below or near revenue, contributing to financial stability.
- Strong financial reserves relative to annual operating expenses.
Frequently Asked Questions about Greater Alliance Hopes & Dreams Foundation For Children Inc
Is Greater Alliance Hopes & Dreams Foundation For Children Inc a legitimate charity?
Greater Alliance Hopes & Dreams Foundation For Children Inc (EIN: 201970767) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $279K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Greater Alliance Hopes & Dreams Foundation For Children Inc spend its money?
Greater Alliance Hopes & Dreams Foundation For Children Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Greater Alliance Hopes & Dreams Foundation For Children Inc tax-deductible?
Greater Alliance Hopes & Dreams Foundation For Children Inc is registered as a tax-exempt nonprofit (EIN: 201970767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greater Alliance Hopes & Dreams Foundation For Children Inc CEO make?
Greater Alliance Hopes & Dreams Foundation For Children Inc's highest-compensated officer earns $331,840. annually. The organization reported $279K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Greater Alliance Hopes & Dreams Foundation For Children Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Greater Alliance Hopes & Dreams Foundation For Children Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Alliance Hopes & Dreams Foundation For Children Inc located?
Greater Alliance Hopes & Dreams Foundation For Children Inc is headquartered in Paramus, New Jersey and files with the IRS under EIN 201970767. It is classified under NTEE code T30.
How many years of IRS 990 filings does Greater Alliance Hopes & Dreams Foundation For Children Inc have?
Greater Alliance Hopes & Dreams Foundation For Children 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 $279K in total revenue.
Is Greater Alliance Hopes & Dreams Foundation For Children Inc. a good charity?
Based on the provided data, the organization appears to be a good charity. It consistently reports 0% officer compensation, has no liabilities, and has steadily grown its assets from $72,975 in 2015 to $337,445 in 2023, indicating strong financial health and efficient use of funds.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well, with expenses often staying below or close to revenue, contributing to asset growth. For example, in 2023, revenue was $22,683 against expenses of $10,457, and in 2022, revenue was $22,166 against expenses of $9,588.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $72,975 in 2015 to $337,445 in 2023, demonstrating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Greater Alliance Hopes & Dreams Foundation For Children Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Alliance Hopes & Dreams Foundation For Children Inc's revenue has declined by 36.5%, moving from $36K to $23K. Total assets increased by 359.2% over the same period, from $73K to $337K. Total functional expenses fell by 22.3%, from $13K to $10K. In its most recent filing year (2023), Greater Alliance Hopes & Dreams Foundation For Children Inc reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $10K | $337K | $0 | — | View 990 |
| 2022 | $22K | $10K | $257K | $0 | — | View 990 |
| 2021 | $38K | $7K | $286K | $0 | — | — |
| 2020 | $10K | $15K | $217K | $0 | — | — |
| 2019 | $34K | $33K | $160K | $0 | — | View 990 |
| 2018 | $23K | $28K | $121K | $0 | — | View 990 |
| 2017 | $36K | $23K | $129K | $0 | — | View 990 |
| 2016 | $77K | $77K | $73K | $0 | — | View 990 |
| 2015 | $70K | $111K | $73K | $0 | — | View 990 |
| 2014 | $101K | $84K | $114K | $0 | — | View 990 |
| 2013 | $91K | $77K | $97K | $0 | — | View 990 |
| 2012 | $30K | $23K | $81K | $0 | — | View 990 |
| 2011 | $36K | $13K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $10K, and assets of $337K (revenue +2.3% year-over-year).
- 2022: Revenue of $22K, expenses of $10K, and assets of $257K (revenue -41.0% year-over-year).
- 2021: Revenue of $38K, expenses of $7K, and assets of $286K (revenue +273.9% year-over-year).
- 2020: Revenue of $10K, expenses of $15K, and assets of $217K (revenue -70.4% year-over-year).
- 2019: Revenue of $34K, expenses of $33K, and assets of $160K (revenue +49.4% year-over-year).
- 2018: Revenue of $23K, expenses of $28K, and assets of $121K (revenue -37.5% year-over-year).
- 2017: Revenue of $36K, expenses of $23K, and assets of $129K (revenue -52.7% year-over-year).
- 2016: Revenue of $77K, expenses of $77K, and assets of $73K (revenue +9.6% year-over-year).
- 2015: Revenue of $70K, expenses of $111K, and assets of $73K (revenue -30.8% year-over-year).
- 2014: Revenue of $101K, expenses of $84K, and assets of $114K (revenue +11.7% year-over-year).
- 2013: Revenue of $91K, expenses of $77K, and assets of $97K (revenue +202.1% year-over-year).
- 2012: Revenue of $30K, expenses of $23K, and assets of $81K (revenue -15.9% year-over-year).
- 2011: Revenue of $36K, expenses of $13K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Alliance Hopes & Dreams Foundation For Children Inc:
Data Sources and Methodology
This transparency report for Greater Alliance Hopes & Dreams Foundation For Children 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.