H O P E Partners Of Farmington
EIN: 60860153 · Unionville, CT · NTEE: K36Z
| Metric | Value |
|---|---|
| Total Revenue | $235K |
| Total Expenses | $312K |
| Net Assets | $134K |
Is H O P E Partners Of Farmington Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About H O P E Partners Of Farmington
H O P E Partners Of Farmington (EIN: 60860153) is a nonprofit organization based in Unionville, CT, classified under NTEE code K36Z. The organization reported total revenue of $235K and total assets of $156K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of H O P E Partners Of Farmington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
H O P E Partners Of Farmington is a small nonprofit that has been operating for 56 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $312K |
| Surplus / Deficit | $-73,329 |
| Total Assets | $134K |
| Net Assets | $134K |
| Operating Margin | -30.8% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2023, H O P E Partners Of Farmington reported a deficit of $73K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), H O P E Partners Of Farmington's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +23.8% | -35.3% |
| 2022 | -8.0% | +1.5% | -6.0% |
| 2021 | +8.3% | -6.8% | +5.4% |
| 2020 | +30.0% | +44.3% | -11.2% |
| 2019 | +1.2% | +15.6% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for H O P E Partners Of Farmington has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates H O P E Partners Of Farmington with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $73K, with expenses exceeding revenue.
Frequently Asked Questions about H O P E Partners Of Farmington
Is H O P E Partners Of Farmington a legitimate charity?
Based on AI analysis of IRS 990 filings, H O P E Partners Of Farmington (EIN: 60860153) insufficient data. 0 red flags identified, 0 strengths noted.
How does H O P E Partners Of Farmington spend its money?
Detailed spending breakdown data is not yet available for H O P E Partners Of Farmington. Check back for updated IRS 990 analysis.
Are donations to H O P E Partners Of Farmington tax-deductible?
H O P E Partners Of Farmington is registered as a tax-exempt nonprofit (EIN: 60860153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is H O P E Partners Of Farmington located?
H O P E Partners Of Farmington is headquartered in Unionville, Connecticut and files with the IRS under EIN 60860153. It is classified under NTEE code K36Z.
How many years of IRS 990 filings does H O P E Partners Of Farmington have?
H O P E Partners Of Farmington has 12 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 $235K in total revenue.
Filing History
IRS 990 filing history for H O P E Partners Of Farmington showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), H O P E Partners Of Farmington's revenue has grown by 41.1%, moving from $169K to $238K. Total assets decreased by 29.2% over the same period, from $190K to $134K. Total functional expenses rose by 82.7%, from $170K to $312K. In its most recent filing year (2023), H O P E Partners Of Farmington reported a deficit of $73K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $312K | $134K | $0 | — | — |
| 2022 | $238K | $252K | $208K | $0 | — | View 990 |
| 2021 | $259K | $248K | $221K | $0 | — | — |
| 2020 | $239K | $266K | $209K | $0 | — | View 990 |
| 2019 | $184K | $184K | $236K | $0 | — | View 990 |
| 2018 | $182K | $159K | $236K | $0 | — | View 990 |
| 2017 | $170K | $159K | $214K | $0 | — | View 990 |
| 2016 | $184K | $169K | $202K | $0 | — | View 990 |
| 2015 | $183K | $171K | $187K | $0 | — | View 990 |
| 2014 | $162K | $168K | $175K | $0 | — | View 990 |
| 2013 | $156K | $165K | $181K | $0 | — | View 990 |
| 2012 | $169K | $170K | $190K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $238K, expenses of $312K, and assets of $134K (revenue -0.1% year-over-year).
- 2022: Revenue of $238K, expenses of $252K, and assets of $208K (revenue -8.0% year-over-year).
- 2021: Revenue of $259K, expenses of $248K, and assets of $221K (revenue +8.3% year-over-year).
- 2020: Revenue of $239K, expenses of $266K, and assets of $209K (revenue +30.0% year-over-year).
- 2019: Revenue of $184K, expenses of $184K, and assets of $236K (revenue +1.2% year-over-year).
- 2018: Revenue of $182K, expenses of $159K, and assets of $236K (revenue +7.0% year-over-year).
- 2017: Revenue of $170K, expenses of $159K, and assets of $214K (revenue -7.6% year-over-year).
- 2016: Revenue of $184K, expenses of $169K, and assets of $202K (revenue +0.4% year-over-year).
- 2015: Revenue of $183K, expenses of $171K, and assets of $187K (revenue +13.1% year-over-year).
- 2014: Revenue of $162K, expenses of $168K, and assets of $175K (revenue +4.0% year-over-year).
- 2013: Revenue of $156K, expenses of $165K, and assets of $181K (revenue -7.6% year-over-year).
- 2012: Revenue of $169K, expenses of $170K, and assets of $190K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for H O P E Partners Of Farmington:
Data Sources and Methodology
This transparency report for H O P E Partners Of Farmington 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.