Hope Association

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Hope Association Form 990, Revenue, CEO Pay, and IRS Filing Signals

Hope Association is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hope Association in one place.

Is Hope Association Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Hope Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Hope Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Hope Association

Hope Association (EIN: 10274898) is a nonprofit organization based in Rumford, ME, classified under NTEE code E200. The organization reported total revenue of $7.0M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Hope Association is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.3%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Hope Association reported a surplus of $305K with revenue exceeding expenses, holds 27.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), Hope Association's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.

IRS Tax-Exempt Classification

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 Association 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 Association 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 (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $305K, with revenue exceeding expenses.
• Debt-to-asset ratio: 3.0%.

Executive Compensation Analysis

Hope Association consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through mechanisms not categorized as 'Officer Comp' on the 990, which is highly unusual for an organization of its size with nearly $7 million in latest revenue.

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 Association's IRS 990 filings:

• Consistent 0% officer compensation for an organization of this size is unusual and warrants further investigation into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Hope Association:

• Consistent revenue growth, increasing from $3.38M in 2015 to $5.25M in 2024.
• Healthy asset growth, more than doubling from $5.72M in 2015 to $11.30M in 2024.
• Maintains a positive operating surplus, with revenue consistently exceeding expenses.
• Low liabilities relative to assets, indicating strong financial stability.
• No reported officer compensation, suggesting a high dedication of resources to the mission or volunteer leadership.

Frequently Asked Questions about Hope Association

Filing History

IRS 990 filing history for Hope Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Hope Association's revenue has grown by 85.5%, moving from $2.8M to $5.2M. Total assets increased by 134.6% over the same period, from $4.8M to $11.3M. Total functional expenses rose by 102.2%, from $2.4M to $4.9M. In its most recent filing year (2024), Hope Association reported a surplus of $305K, with revenue exceeding expenses. The organization holds $342K in liabilities against $11.3M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $11.0M.

Year-by-Year Financial Summary

• 2024: Revenue of $5.2M, expenses of $4.9M, and assets of $11.3M (revenue -18.0% year-over-year).
• 2023: Revenue of $6.4M, expenses of $4.6M, and assets of $11.0M (revenue +27.5% year-over-year).
• 2022: Revenue of $5.0M, expenses of $4.4M, and assets of $9.1M (revenue +8.4% year-over-year).
• 2021: Revenue of $4.6M, expenses of $3.9M, and assets of $8.5M (revenue +9.7% year-over-year).
• 2020: Revenue of $4.2M, expenses of $3.8M, and assets of $8.2M (revenue -5.2% year-over-year).
• 2019: Revenue of $4.4M, expenses of $3.8M, and assets of $7.4M (revenue +15.5% year-over-year).
• 2018: Revenue of $3.9M, expenses of $3.5M, and assets of $6.7M (revenue +12.5% year-over-year).
• 2017: Revenue of $3.4M, expenses of $3.2M, and assets of $6.3M (revenue -0.2% year-over-year).
• 2016: Revenue of $3.4M, expenses of $3.1M, and assets of $6.1M (revenue +1.5% year-over-year).
• 2015: Revenue of $3.4M, expenses of $3.0M, and assets of $5.7M (revenue +5.0% year-over-year).
• 2014: Revenue of $3.2M, expenses of $2.8M, and assets of $5.4M (revenue +9.1% year-over-year).
• 2013: Revenue of $3.0M, expenses of $2.6M, and assets of $5.2M (revenue +4.3% year-over-year).
• 2012: Revenue of $2.8M, expenses of $2.4M, and assets of $4.8M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hope Association:

Data Sources and Methodology

This transparency report for Hope Association 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.