Hope 2 Africa Inc
Hope 2 Africa Inc consistently directs funds to programs with no officer compensation and maintains a stable financial position.
EIN: 142001589 · Woodstock, GA · NTEE: X21 · Updated: 2026-03-28
Is Hope 2 Africa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope 2 Africa Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope 2 Africa Inc
Hope 2 Africa Inc (EIN: 142001589) is a nonprofit organization based in Woodstock, GA, classified under NTEE code X21. The organization reported total revenue of $163K and total assets of $87K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope 2 Africa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope 2 Africa Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $177K |
| Total Expenses | $183K |
| Surplus / Deficit | $-5,999 |
| Total Assets | $111K |
| Net Assets | $111K |
| Operating Margin | -3.4% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Hope 2 Africa Inc reported a deficit of $6K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hope 2 Africa Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.5% | +13.1% | -5.1% |
| 2022 | +24.1% | +81.8% | -30.0% |
| 2021 | -22.0% | +9.2% | +0.6% |
| 2020 | -37.3% | -40.0% | +25.6% |
| 2019 | +37.7% | -5.3% | +57.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Hope 2 Africa 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, Hope 2 Africa 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 deficit of $6K, with expenses exceeding revenue.
Executive Compensation Analysis
Hope 2 Africa Inc reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for an organization of its size ($177,359 revenue in 202312).
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 Hope 2 Africa Inc's IRS 990 filings:
- Occasional operational deficits (e.g., 202312 expenses $183,358 vs. revenue $177,359; 202212 expenses $162,183 vs. revenue $111,907) could indicate reliance on reserves or future fundraising.
Strengths
The following positive indicators were identified for Hope 2 Africa Inc:
- Zero officer compensation reported across all filings, indicating high dedication to mission.
- No reported liabilities in any filing, demonstrating strong financial health and responsible management.
- High percentage of spending directed towards program services, maximizing impact.
- Consistent asset base, providing financial stability despite revenue fluctuations.
Frequently Asked Questions about Hope 2 Africa Inc
Is Hope 2 Africa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope 2 Africa Inc (EIN: 142001589) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Hope 2 Africa Inc spend its money?
Hope 2 Africa Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope 2 Africa Inc tax-deductible?
Hope 2 Africa Inc is registered as a tax-exempt nonprofit (EIN: 142001589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hope 2 Africa Inc a good charity?
Based on the IRS 990 data, Hope 2 Africa Inc appears to be a good charity. It consistently allocates a high percentage of its expenses to programs, reports no officer compensation, and maintains a healthy asset-to-liability ratio.
How does Hope 2 Africa Inc manage its finances?
Hope 2 Africa Inc manages its finances prudently, consistently reporting zero liabilities and maintaining a positive asset balance despite occasional operational deficits. This suggests careful budgeting and resource allocation.
What is the trend in Hope 2 Africa Inc's revenue?
Hope 2 Africa Inc's revenue has fluctuated over the years, ranging from $62,509 in 201412 to $184,513 in 201912, with the latest reported revenue at $177,359 in 202312. The trend shows variability but generally sustained funding.
Filing History
IRS 990 filing history for Hope 2 Africa Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope 2 Africa Inc's revenue has grown by 224.6%, moving from $55K to $177K. Total assets increased by 109.6% over the same period, from $53K to $111K. Total functional expenses rose by 420.2%, from $35K to $183K. In its most recent filing year (2023), Hope 2 Africa Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $177K | $183K | $111K | $0 | — | View 990 |
| 2022 | $112K | $162K | $117K | $0 | — | View 990 |
| 2021 | $90K | $89K | $167K | $0 | — | View 990 |
| 2020 | $116K | $82K | $166K | $0 | — | View 990 |
| 2019 | $185K | $136K | $133K | $0 | — | View 990 |
| 2018 | $134K | $144K | $84K | $0 | — | View 990 |
| 2017 | $113K | $139K | $94K | $0 | — | View 990 |
| 2016 | $63K | $74K | $120K | $0 | — | View 990 |
| 2015 | $125K | $59K | $131K | $0 | — | View 990 |
| 2014 | $63K | $65K | $65K | $0 | — | View 990 |
| 2013 | $62K | $61K | $67K | $0 | — | View 990 |
| 2012 | $66K | $53K | $66K | $0 | — | View 990 |
| 2011 | $55K | $35K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $177K, expenses of $183K, and assets of $111K (revenue +58.5% year-over-year).
- 2022: Revenue of $112K, expenses of $162K, and assets of $117K (revenue +24.1% year-over-year).
- 2021: Revenue of $90K, expenses of $89K, and assets of $167K (revenue -22.0% year-over-year).
- 2020: Revenue of $116K, expenses of $82K, and assets of $166K (revenue -37.3% year-over-year).
- 2019: Revenue of $185K, expenses of $136K, and assets of $133K (revenue +37.7% year-over-year).
- 2018: Revenue of $134K, expenses of $144K, and assets of $84K (revenue +18.3% year-over-year).
- 2017: Revenue of $113K, expenses of $139K, and assets of $94K (revenue +79.7% year-over-year).
- 2016: Revenue of $63K, expenses of $74K, and assets of $120K (revenue -49.7% year-over-year).
- 2015: Revenue of $125K, expenses of $59K, and assets of $131K (revenue +100.5% year-over-year).
- 2014: Revenue of $63K, expenses of $65K, and assets of $65K (revenue +1.4% year-over-year).
- 2013: Revenue of $62K, expenses of $61K, and assets of $67K (revenue -6.3% year-over-year).
- 2012: Revenue of $66K, expenses of $53K, and assets of $66K (revenue +20.3% year-over-year).
- 2011: Revenue of $55K, expenses of $35K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope 2 Africa Inc:
Data Sources and Methodology
This transparency report for Hope 2 Africa 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.