Hacienda Of Hope Foundation
Hacienda Of Hope Foundation maintains strong asset growth and zero officer compensation, demonstrating fiscal prudence.
EIN: 204579552 · Huntsville, AL · NTEE: T30 · Updated: 2026-03-28
Is Hacienda Of Hope Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hacienda Of Hope Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hacienda Of Hope Foundation
Hacienda Of Hope Foundation (EIN: 204579552) is a nonprofit organization based in Huntsville, AL, classified under NTEE code T30. The organization reported total revenue of $488K and total assets of $880K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hacienda Of Hope Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hacienda Of Hope Foundation is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 18.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $339K |
| Total Expenses | $234K |
| Surplus / Deficit | +$105K |
| Total Assets | $882K |
| Net Assets | $882K |
| Operating Margin | 31.0% |
| Months of Reserves | 45.2 months |
Financial Health Grade: A
In 2023, Hacienda Of Hope Foundation reported a surplus of $105K with revenue exceeding expenses, holds 45.2 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Hacienda Of Hope Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.0% | -52.7% | +13.6% |
| 2022 | -72.9% | +1.9% | -25.3% |
| 2021 | +66.6% | +17.2% | +55.6% |
| 2020 | +49.2% | +419.0% | +17.5% |
| 2019 | +119.3% | -36.2% | +87.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Hacienda Of Hope Foundation with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hacienda Of Hope Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $105K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly commendable for a nonprofit of its size with assets nearing $1 million.
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 Hacienda Of Hope Foundation:
- Consistent asset growth, increasing from $147,196 in 2014 to $882,241 in 2023.
- Zero reported officer compensation across all 10 filings, indicating high efficiency and dedication to mission.
- Consistently reports $0 in liabilities, demonstrating strong financial management and no debt.
- Strong program focus, as implied by the lack of officer compensation and healthy financial position.
- Resilient financial management, evidenced by maintaining positive net assets even in years where expenses exceeded revenue (e.g., 2022).
Frequently Asked Questions about Hacienda Of Hope Foundation
Is Hacienda Of Hope Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hacienda Of Hope Foundation (EIN: 204579552) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Hacienda Of Hope Foundation spend its money?
Hacienda Of Hope Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hacienda Of Hope Foundation tax-deductible?
Hacienda Of Hope Foundation is registered as a tax-exempt nonprofit (EIN: 204579552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hacienda Of Hope Foundation a good charity?
Based on the provided financial data, Hacienda Of Hope Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings, suggesting efficient use of donor funds.
How has the organization's financial health changed over time?
The organization has shown significant financial growth over the past decade. Assets have increased from $147,196 in 2014 to $882,241 in 2023. While revenue and expenses have fluctuated year-to-year, the overall trend indicates a growing and stable organization with a strong balance sheet.
Does Hacienda Of Hope Foundation have any debt?
No, Hacienda Of Hope Foundation consistently reports $0 in liabilities across all available IRS 990 filings, indicating that the organization operates without debt.
Filing History
IRS 990 filing history for Hacienda Of Hope Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Hacienda Of Hope Foundation's revenue has grown by 365.2%, moving from $73K to $339K. Total assets increased by 499.4% over the same period, from $147K to $882K. Total functional expenses rose by 526.5%, from $37K to $234K. In its most recent filing year (2023), Hacienda Of Hope Foundation reported a surplus of $105K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $339K | $234K | $882K | $0 | — | — |
| 2022 | $233K | $496K | $776K | $0 | — | View 990 |
| 2021 | $858K | $486K | $1.0M | $0 | — | View 990 |
| 2020 | $515K | $415K | $668K | $0 | — | View 990 |
| 2019 | $345K | $80K | $569K | $0 | — | View 990 |
| 2018 | $157K | $125K | $303K | $0 | — | View 990 |
| 2017 | $190K | $85K | $272K | $0 | — | View 990 |
| 2016 | $102K | $78K | $166K | $0 | — | View 990 |
| 2015 | $51K | $56K | $142K | $0 | — | View 990 |
| 2014 | $73K | $37K | $147K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $339K, expenses of $234K, and assets of $882K (revenue +46.0% year-over-year).
- 2022: Revenue of $233K, expenses of $496K, and assets of $776K (revenue -72.9% year-over-year).
- 2021: Revenue of $858K, expenses of $486K, and assets of $1.0M (revenue +66.6% year-over-year).
- 2020: Revenue of $515K, expenses of $415K, and assets of $668K (revenue +49.2% year-over-year).
- 2019: Revenue of $345K, expenses of $80K, and assets of $569K (revenue +119.3% year-over-year).
- 2018: Revenue of $157K, expenses of $125K, and assets of $303K (revenue -17.2% year-over-year).
- 2017: Revenue of $190K, expenses of $85K, and assets of $272K (revenue +86.1% year-over-year).
- 2016: Revenue of $102K, expenses of $78K, and assets of $166K (revenue +99.0% year-over-year).
- 2015: Revenue of $51K, expenses of $56K, and assets of $142K (revenue -29.7% year-over-year).
- 2014: Revenue of $73K, expenses of $37K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hacienda Of Hope Foundation:
Data Sources and Methodology
This transparency report for Hacienda Of Hope Foundation 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.