Hope Association

Hope Association shows consistent revenue and asset growth with no reported officer compensation.

EIN: 10274898 · Rumford, ME · NTEE: E200 · Updated: 2026-03-28

$7.0MRevenue

$12.3MAssets

92/100Mission Score (Excellent)

E200

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.

AI Transparency Report

Hope Association demonstrates strong financial health and consistent growth over the past decade. Their revenue has steadily increased from $3.38 million in 2015 to $5.25 million in 2024, with assets growing from $5.72 million to $11.30 million in the same period. The organization consistently operates with a surplus, as seen in 2024 where revenue of $5,247,394 exceeded expenses of $4,942,149. This indicates effective financial management and a healthy reserve. 

The organization's spending efficiency appears robust, with a significant portion of expenses likely directed towards program services, given the absence of reported officer compensation. The consistent growth in assets and relatively low liabilities across all reported periods suggest a stable financial foundation. The lack of reported officer compensation also points to a high degree of transparency regarding executive pay, or that executive roles are filled by volunteers or compensated through other means not captured in 'Officer Comp'.

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.

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

How does Hope Association manage to operate without reporting officer compensation?

The IRS 990 filings consistently show 0% officer compensation. This could mean executive roles are volunteer-based, compensated through a related entity, or that compensation is reported under a different category not explicitly labeled 'Officer Comp'.

What is the primary source of Hope Association's consistent revenue growth?

While the filings show consistent revenue growth from $3.38M in 2015 to $5.25M in 2024, the specific sources (e.g., grants, donations, program service fees) are not detailed in the provided summary data. Further investigation into the full 990 forms would be needed.

What are the specific program services provided by Hope Association?

The NTEE code E200 indicates the organization is involved in 'Mental Health Treatment & Services'. The provided financial data confirms the capacity to deliver services but does not detail the specific programs.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$5.2M	$4.9M	$11.3M	$342K	—	View 990
2023	$6.4M	$4.6M	$11.0M	$418K	—	View 990
2022	$5.0M	$4.4M	$9.1M	$278K	—	View 990
2021	$4.6M	$3.9M	$8.5M	$178K	—	View 990
2020	$4.2M	$3.8M	$8.2M	$663K	—	View 990
2019	$4.4M	$3.8M	$7.4M	$168K	—	View 990
2018	$3.9M	$3.5M	$6.7M	$164K	—	View 990
2017	$3.4M	$3.2M	$6.3M	$429K	—	View 990
2016	$3.4M	$3.1M	$6.1M	$459K	—	View 990
2015	$3.4M	$3.0M	$5.7M	$411K	—	View 990
2014	$3.2M	$2.8M	$5.4M	$486K	—	View 990
2013	$3.0M	$2.6M	$5.2M	$649K	—	View 990
2012	$2.8M	$2.4M	$4.8M	$673K	—	View 990

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.

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.