Hamaspik Of Orange County Inc

Hamaspik Of Orange County Inc shows significant asset growth and zero reported officer compensation, but recent filings indicate a revenue decline and deficit.

EIN: 141711583 · Monroe, NY · Updated: 2026-03-28

$40.7MRevenue

$77.0MAssets

70/100Mission Score (Good)

About Hamaspik Of Orange County Inc

Hamaspik Of Orange County Inc (EIN: 141711583) is a nonprofit organization based in Monroe, NY. The organization reported total revenue of $40.7M and total assets of $77.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamaspik Of Orange County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hamaspik Of Orange County Inc has demonstrated significant growth in revenue and assets over the past decade, with revenue increasing from $15.3 million in 2014 to $45.4 million in 2023, and assets growing from $19.8 million to $83.1 million in the same period. The organization consistently reports zero officer compensation, which is unusual for an organization of its size and revenue, and could indicate that executive compensation is reported under other categories or that leadership is entirely volunteer-based. This lack of reported officer compensation, while potentially positive for program spending, also raises questions about the transparency of leadership remuneration.

Financially, the organization has generally maintained a healthy asset base relative to its liabilities, with assets of $83.1 million against liabilities of $7.8 million in 2023, indicating strong financial solvency. However, the latest filing for 2023 shows expenses ($48.8 million) exceeding revenue ($45.4 million), resulting in a deficit for that period. This contrasts with previous years like 2022, where revenue significantly outpaced expenses ($99.5 million vs. $64.9 million). The substantial fluctuation in revenue, particularly the drop from $99.5 million in 2022 to $45.4 million in 2023, warrants further investigation to understand its causes and long-term implications for financial stability.

The consistent reporting of zero officer compensation across all available filings is a notable aspect of Hamaspik Of Orange County Inc's financial reporting. While this could be interpreted as a commitment to directing funds towards programs, it also presents a potential transparency concern if key leadership roles are compensated through other means not clearly disclosed as officer compensation. A deeper dive into their functional expense breakdown would be necessary to fully assess spending efficiency and the allocation of funds across programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hamaspik Of Orange County Inc with a Mission Score of 70 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, Hamaspik Of Orange County 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with revenues reaching $99.5 million in 2022 and assets of $83.1 million in 2023. This could indicate that executive compensation is either not reported under this specific category, or that the organization relies entirely on volunteer leadership, which would be exceptional for its scale.

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 Hamaspik Of Orange County Inc's IRS 990 filings:

Consistent reporting of $0 officer compensation, raising transparency concerns about executive remuneration.
Significant revenue volatility, with a drop from $99.5 million in 2022 to $45.4 million in 2023.
Expenses ($48.8 million) exceeded revenue ($45.4 million) in the latest 2023 filing, indicating a deficit for that period.

Strengths

The following positive indicators were identified for Hamaspik Of Orange County Inc:

Strong asset growth over the past decade, from $19.8 million in 2014 to $83.1 million in 2023.
Healthy asset-to-liability ratio, indicating strong financial solvency (e.g., $83.1M assets vs. $7.8M liabilities in 2023).
Demonstrated ability to generate substantial revenue, reaching nearly $100 million in 2022.

Frequently Asked Questions about Hamaspik Of Orange County Inc

Why is officer compensation consistently reported as $0, despite the organization's significant revenue and asset base?

The consistent reporting of zero officer compensation across all 13 filings is a significant anomaly for an organization of this size. It suggests either that executive leadership is entirely volunteer-based, or that compensation for key personnel is categorized differently within the financial statements, potentially under program or administrative expenses, which would impact transparency.

What caused the substantial drop in revenue from $99.5 million in 2022 to $45.4 million in 2023?

The dramatic decrease in revenue by over 50% between 2022 and 2023 is a critical financial event that could impact the organization's future operations and stability. Understanding the specific reasons for this decline, such as changes in funding sources, program scope, or economic factors, is essential for assessing its long-term financial health.

How does Hamaspik Of Orange County Inc manage to operate at its scale without reported officer compensation?

Operating an organization with tens of millions in revenue and assets without any reported officer compensation is highly unusual. This raises questions about the organizational structure, the nature of its leadership, and how it attracts and retains the necessary talent to manage its operations.

What is the detailed breakdown of functional expenses (program, administrative, fundraising) for the latest fiscal year?

Without a detailed functional expense breakdown, it's challenging to precisely determine the efficiency of spending. While the overall financial health appears stable in terms of assets, understanding the allocation of expenses is crucial for evaluating how much of each dollar directly supports its mission versus overhead.

Filing History

IRS 990 filing history for Hamaspik Of Orange County Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hamaspik Of Orange County Inc's revenue has grown by 199.8%, moving from $15.2M to $45.4M. Total assets increased by 416.6% over the same period, from $16.1M to $83.2M. Total functional expenses rose by 262.4%, from $13.5M to $48.9M. In its most recent filing year (2023), Hamaspik Of Orange County Inc reported a deficit of $3.5M, with expenses exceeding revenue. The organization holds $7.8M in liabilities against $83.2M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $75.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$45.4M	$48.9M	$83.2M	$7.8M	—	—
2022	$99.5M	$64.9M	$89.9M	$9.1M	—	View 990
2021	$69.9M	$44.1M	$56.3M	$10.0M	—	View 990
2020	$26.5M	$24.2M	$29.2M	$8.7M	—	View 990
2019	$19.7M	$19.2M	$24.5M	$6.4M	—	View 990
2018	$17.6M	$17.1M	$22.5M	$4.9M	—	View 990
2017	$16.5M	$16.5M	$21.9M	$4.8M	—	View 990
2016	$15.9M	$14.7M	$22.3M	$5.3M	—	View 990
2015	$15.5M	$13.7M	$21.3M	$5.5M	—	View 990
2014	$15.3M	$14.0M	$19.8M	$5.8M	—	View 990
2013	$15.6M	$13.7M	$19.0M	$6.3M	—	View 990
2012	$14.9M	$12.7M	$17.0M	$6.2M	—	View 990
2011	$15.2M	$13.5M	$16.1M	$7.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $45.4M, expenses of $48.9M, and assets of $83.2M (revenue -54.3% year-over-year).
2022: Revenue of $99.5M, expenses of $64.9M, and assets of $89.9M (revenue +42.3% year-over-year).
2021: Revenue of $69.9M, expenses of $44.1M, and assets of $56.3M (revenue +163.7% year-over-year).
2020: Revenue of $26.5M, expenses of $24.2M, and assets of $29.2M (revenue +34.6% year-over-year).
2019: Revenue of $19.7M, expenses of $19.2M, and assets of $24.5M (revenue +11.8% year-over-year).
2018: Revenue of $17.6M, expenses of $17.1M, and assets of $22.5M (revenue +6.5% year-over-year).
2017: Revenue of $16.5M, expenses of $16.5M, and assets of $21.9M (revenue +4.2% year-over-year).
2016: Revenue of $15.9M, expenses of $14.7M, and assets of $22.3M (revenue +2.5% year-over-year).
2015: Revenue of $15.5M, expenses of $13.7M, and assets of $21.3M (revenue +0.9% year-over-year).
2014: Revenue of $15.3M, expenses of $14.0M, and assets of $19.8M (revenue -1.6% year-over-year).
2013: Revenue of $15.6M, expenses of $13.7M, and assets of $19.0M (revenue +4.4% year-over-year).
2012: Revenue of $14.9M, expenses of $12.7M, and assets of $17.0M (revenue -1.4% year-over-year).
2011: Revenue of $15.2M, expenses of $13.5M, and assets of $16.1M.

Data Sources and Methodology

This transparency report for Hamaspik Of Orange County 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.