Hands Of Hope For The Community Inc
Hands Of Hope For The Community Inc shows consistent revenue growth and zero liabilities with no officer compensation.
EIN: 205818848 · Edison, NJ · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $81K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $191,422. |
| Net Assets | $289K |
| Transparency Score | 92/100 |
Is Hands Of Hope For The Community Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hands Of Hope For The Community Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hands Of Hope For The Community Inc
Hands Of Hope For The Community Inc (EIN: 205818848) is a nonprofit organization based in Edison, NJ, classified under NTEE code B90. The organization reported total revenue of $191K and total assets of $382K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hands Of Hope For The Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hands Of Hope For The Community Inc is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $81K |
| Surplus / Deficit | +$77K |
| Total Assets | $289K |
| Net Assets | $289K |
| Operating Margin | 49.0% |
| Months of Reserves | 43.0 months |
Financial Health Grade: A
In 2023, Hands Of Hope For The Community Inc reported a surplus of $77K with revenue exceeding expenses, holds 43.0 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Hands Of Hope For The Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.4% | +15.0% | +36.5% |
| 2022 | -20.4% | -26.4% | +12.9% |
| 2021 | -20.4% | +45.4% | +14.2% |
| 2020 | +194.7% | -5.1% | +103.2% |
| 2019 | -43.5% | -22.5% | -18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Hands Of Hope For The Community Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hands Of Hope For The Community Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $77K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 11 filings, indicating a volunteer-led executive team, which is highly commendable for a nonprofit of its size with latest revenue of $191,422.
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 Hands Of Hope For The Community Inc:
- Consistent revenue growth (e.g., $94,303 in 2022 to $157,874 in 2023).
- Zero liabilities reported across all filings, indicating strong financial management.
- Significant asset growth (from $24,738 in 2012 to $288,908 in 2023).
- 0% officer compensation reported, maximizing funds for mission-related activities.
- Consistent filing of IRS 990 forms over 11 periods, demonstrating transparency.
Frequently Asked Questions about Hands Of Hope For The Community Inc
Is Hands Of Hope For The Community Inc a legitimate charity?
Hands Of Hope For The Community Inc (EIN: 205818848) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $191K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hands Of Hope For The Community Inc spend its money?
Hands Of Hope For The Community Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hands Of Hope For The Community Inc tax-deductible?
Hands Of Hope For The Community Inc is registered as a tax-exempt nonprofit (EIN: 205818848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hands Of Hope For The Community Inc CEO make?
Hands Of Hope For The Community Inc's highest-compensated officer earns $191,422. annually. The organization reported $191K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hands Of Hope For The Community Inc's spending goes to programs?
Hands Of Hope For The Community Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hands Of Hope For The Community Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hands Of Hope For The Community Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hands Of Hope For The Community Inc located?
Hands Of Hope For The Community Inc is headquartered in Edison, New Jersey and files with the IRS under EIN 205818848. It is classified under NTEE code B90.
How many years of IRS 990 filings does Hands Of Hope For The Community Inc have?
Hands Of Hope For The Community Inc has 11 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 $191K in total revenue.
Is Hands Of Hope For The Community Inc a good charity?
Based on the provided data, Hands Of Hope For The Community Inc appears to be a good charity. It demonstrates strong financial health with growing assets ($288,908 in 2023), consistent revenue growth ($157,874 in 2023), and zero liabilities. The absence of officer compensation also suggests a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $41,682 in 2012 to $157,874 in 2023, and assets have increased from $24,738 in 2012 to $288,908 in 2023, indicating sustained growth and financial stability.
What is the organization's approach to executive compensation?
Hands Of Hope For The Community Inc has a highly commendable approach to executive compensation, reporting 0% officer compensation in all 11 available filings. This suggests that its leadership is entirely volunteer-based, maximizing funds available for programs.
Filing History
IRS 990 filing history for Hands Of Hope For The Community Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Hands Of Hope For The Community Inc's revenue has grown by 95.1%, moving from $81K to $158K. Total assets increased by 986.2% over the same period, from $27K to $289K. Total functional expenses fell by 7.5%, from $87K to $81K. In its most recent filing year (2023), Hands Of Hope For The Community Inc reported a surplus of $77K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $158K | $81K | $289K | $0 | — | — |
| 2022 | $94K | $70K | $212K | $0 | — | View 990 |
| 2021 | $119K | $95K | $187K | $0 | — | View 990 |
| 2020 | $149K | $65K | $164K | $0 | — | View 990 |
| 2019 | $50K | $69K | $81K | $0 | — | View 990 |
| 2018 | $89K | $89K | $99K | $0 | — | View 990 |
| 2017 | $79K | $60K | $99K | $0 | — | View 990 |
| 2016 | $96K | $74K | $80K | $0 | — | View 990 |
| 2015 | $97K | $67K | $57K | $0 | — | View 990 |
| 2012 | $42K | $44K | $25K | $0 | — | View 990 |
| 2011 | $81K | $87K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $158K, expenses of $81K, and assets of $289K (revenue +67.4% year-over-year).
- 2022: Revenue of $94K, expenses of $70K, and assets of $212K (revenue -20.4% year-over-year).
- 2021: Revenue of $119K, expenses of $95K, and assets of $187K (revenue -20.4% year-over-year).
- 2020: Revenue of $149K, expenses of $65K, and assets of $164K (revenue +194.7% year-over-year).
- 2019: Revenue of $50K, expenses of $69K, and assets of $81K (revenue -43.5% year-over-year).
- 2018: Revenue of $89K, expenses of $89K, and assets of $99K (revenue +13.1% year-over-year).
- 2017: Revenue of $79K, expenses of $60K, and assets of $99K (revenue -18.0% year-over-year).
- 2016: Revenue of $96K, expenses of $74K, and assets of $80K (revenue -0.3% year-over-year).
- 2015: Revenue of $97K, expenses of $67K, and assets of $57K (revenue +131.9% year-over-year).
- 2012: Revenue of $42K, expenses of $44K, and assets of $25K (revenue -48.5% year-over-year).
- 2011: Revenue of $81K, expenses of $87K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hands Of Hope For The Community Inc:
Data Sources and Methodology
This transparency report for Hands Of Hope For The Community 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.