Hampton Roads Pride
EIN: 541865280 · Norfolk, VA · NTEE: R30
Is Hampton Roads Pride Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hampton Roads Pride
Hampton Roads Pride (EIN: 541865280) is a nonprofit organization based in Norfolk, VA, classified under NTEE code R30. The organization reported total revenue of $503K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hampton Roads Pride's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hampton Roads Pride is a small nonprofit that has been operating for 25 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $561K |
| Total Expenses | $442K |
| Surplus / Deficit | +$119K |
| Total Assets | $220K |
| Net Assets | $220K |
| Operating Margin | 21.3% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Hampton Roads Pride reported a surplus of $119K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Hampton Roads Pride's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +166.0% | +21.7% | +118.8% |
| 2022 | +10.6% | +175.8% | -60.2% |
| 2021 | +73.5% | +100.4% | +30.6% |
| 2020 | -71.1% | -84.6% | +29.8% |
| 2019 | -5.4% | +17.0% | -24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hampton Roads Pride 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 Hampton Roads Pride 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 surplus of $119K, with revenue exceeding expenses.
Frequently Asked Questions about Hampton Roads Pride
Is Hampton Roads Pride a legitimate charity?
Based on AI analysis of IRS 990 filings, Hampton Roads Pride (EIN: 541865280) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hampton Roads Pride spend its money?
Detailed spending breakdown data is not yet available for Hampton Roads Pride. Check back for updated IRS 990 analysis.
Are donations to Hampton Roads Pride tax-deductible?
Hampton Roads Pride is registered as a tax-exempt nonprofit (EIN: 541865280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hampton Roads Pride showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Hampton Roads Pride's revenue has grown by 310.7%, moving from $137K to $561K. Total assets increased by 340.7% over the same period, from $50K to $220K. Total functional expenses rose by 317.8%, from $106K to $442K. In its most recent filing year (2023), Hampton Roads Pride reported a surplus of $119K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $561K | $442K | $220K | $0 | — | — |
| 2022 | $211K | $363K | $100K | $0 | — | View 990 |
| 2021 | $191K | $132K | $252K | $0 | — | View 990 |
| 2020 | $110K | $66K | $193K | $0 | — | — |
| 2019 | $380K | $427K | $149K | $0 | — | View 990 |
| 2018 | $402K | $365K | $197K | $350 | — | View 990 |
| 2017 | $284K | $276K | $160K | $0 | — | View 990 |
| 2016 | $264K | $209K | $152K | $0 | — | View 990 |
| 2015 | $209K | $173K | $96K | $0 | — | View 990 |
| 2014 | $150K | $139K | $61K | $0 | — | View 990 |
| 2013 | $137K | $106K | $50K | $50 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $561K, expenses of $442K, and assets of $220K (revenue +166.0% year-over-year).
- 2022: Revenue of $211K, expenses of $363K, and assets of $100K (revenue +10.6% year-over-year).
- 2021: Revenue of $191K, expenses of $132K, and assets of $252K (revenue +73.5% year-over-year).
- 2020: Revenue of $110K, expenses of $66K, and assets of $193K (revenue -71.1% year-over-year).
- 2019: Revenue of $380K, expenses of $427K, and assets of $149K (revenue -5.4% year-over-year).
- 2018: Revenue of $402K, expenses of $365K, and assets of $197K (revenue +41.4% year-over-year).
- 2017: Revenue of $284K, expenses of $276K, and assets of $160K (revenue +7.5% year-over-year).
- 2016: Revenue of $264K, expenses of $209K, and assets of $152K (revenue +26.4% year-over-year).
- 2015: Revenue of $209K, expenses of $173K, and assets of $96K (revenue +39.4% year-over-year).
- 2014: Revenue of $150K, expenses of $139K, and assets of $61K (revenue +9.7% year-over-year).
- 2013: Revenue of $137K, expenses of $106K, and assets of $50K.
Data Sources and Methodology
This transparency report for Hampton Roads Pride 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.