Hope Cemetery Corporation
Hope Cemetery Corporation maintains stable operations with zero officer compensation and growing assets, supported by a significant 2020 revenue spike.
EIN: 10092600 · Kennebunk, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $190K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is Hope Cemetery Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Cemetery Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Cemetery Corporation
Hope Cemetery Corporation (EIN: 10092600) is a nonprofit organization based in Kennebunk, ME. The organization reported total revenue of $1.3M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Cemetery Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Cemetery Corporation is a mid-size nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $190K |
| Surplus / Deficit | $-71,485 |
| Total Assets | $1.5M |
| Total Liabilities | $3K |
| Net Assets | $1.5M |
| Operating Margin | -60.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 92.0 months |
Financial Health Grade: B
In 2023, Hope Cemetery Corporation reported a deficit of $71K with expenses exceeding revenue, holds 92.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope Cemetery Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.1% | +3.4% | -6.5% |
| 2022 | +5.2% | +7.6% | +4.5% |
| 2021 | -80.9% | +-0.0% | +18.6% |
| 2020 | +565.7% | +7.9% | +133.8% |
| 2019 | -6.9% | -2.2% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
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 Cemetery Corporation with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hope Cemetery Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for a nonprofit of this size.
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 Hope Cemetery Corporation:
- Consistent zero officer compensation, indicating highly efficient leadership.
- Strong asset growth, from $537,983 in 2019 to $1,842,386 in the latest period, demonstrating sound financial management.
- Low liabilities across all reported periods, indicating minimal debt burden.
- Significant revenue influx in 2020 ($954,944) was effectively managed to boost long-term assets.
Frequently Asked Questions about Hope Cemetery Corporation
Is Hope Cemetery Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Cemetery Corporation (EIN: 10092600) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Hope Cemetery Corporation spend its money?
Hope Cemetery Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Cemetery Corporation tax-deductible?
Hope Cemetery Corporation is registered as a tax-exempt nonprofit (EIN: 10092600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Cemetery Corporation located?
Hope Cemetery Corporation is headquartered in Kennebunk, Maine and files with the IRS under EIN 10092600.
How many years of IRS 990 filings does Hope Cemetery Corporation have?
Hope Cemetery Corporation has 13 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 $1.3M in total revenue.
Is Hope Cemetery Corporation a good charity?
Based on the available financial data, Hope Cemetery Corporation appears to be a well-managed organization with strong financial health, zero officer compensation, and a clear focus on its mission, making it a good charity in terms of financial stewardship.
How does Hope Cemetery Corporation manage its expenses relative to its revenue?
Hope Cemetery Corporation generally manages its expenses to be close to or sometimes slightly exceed its annual revenue, as seen in 2023 where expenses were $190,175 against $118,690 in revenue. This suggests reliance on accumulated assets or investment income to cover operational costs, which is a sustainable model for organizations with endowments.
What caused the significant increase in assets in 2020?
The substantial increase in assets from $537,983 in 2019 to $1,257,950 in 2020 was primarily driven by a large revenue spike of $954,944 in 2020, likely from a significant donation or endowment contribution.
Filing History
IRS 990 filing history for Hope Cemetery Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Cemetery Corporation's revenue has declined by 17.5%, moving from $144K to $119K. Total assets increased by 113.6% over the same period, from $683K to $1.5M. Total functional expenses rose by 52.3%, from $125K to $190K. In its most recent filing year (2023), Hope Cemetery Corporation reported a deficit of $71K, with expenses exceeding revenue. The organization holds $3K in liabilities against $1.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $190K | $1.5M | $3K | — | View 990 |
| 2022 | $192K | $184K | $1.6M | $2K | — | View 990 |
| 2021 | $182K | $171K | $1.5M | $2K | — | View 990 |
| 2020 | $955K | $171K | $1.3M | $25K | — | View 990 |
| 2019 | $143K | $158K | $538K | $2K | — | View 990 |
| 2018 | $154K | $162K | $583K | $12K | — | — |
| 2017 | $145K | $187K | $585K | $2K | — | View 990 |
| 2016 | $115K | $133K | $581K | $1K | — | View 990 |
| 2015 | $146K | $149K | $638K | $1K | — | View 990 |
| 2014 | $104K | $130K | $640K | $2K | — | View 990 |
| 2013 | $114K | $130K | $642K | $4K | — | View 990 |
| 2012 | $128K | $129K | $663K | $2K | — | View 990 |
| 2011 | $144K | $125K | $683K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $190K, and assets of $1.5M (revenue -38.1% year-over-year).
- 2022: Revenue of $192K, expenses of $184K, and assets of $1.6M (revenue +5.2% year-over-year).
- 2021: Revenue of $182K, expenses of $171K, and assets of $1.5M (revenue -80.9% year-over-year).
- 2020: Revenue of $955K, expenses of $171K, and assets of $1.3M (revenue +565.7% year-over-year).
- 2019: Revenue of $143K, expenses of $158K, and assets of $538K (revenue -6.9% year-over-year).
- 2018: Revenue of $154K, expenses of $162K, and assets of $583K (revenue +6.1% year-over-year).
- 2017: Revenue of $145K, expenses of $187K, and assets of $585K (revenue +25.8% year-over-year).
- 2016: Revenue of $115K, expenses of $133K, and assets of $581K (revenue -20.8% year-over-year).
- 2015: Revenue of $146K, expenses of $149K, and assets of $638K (revenue +40.1% year-over-year).
- 2014: Revenue of $104K, expenses of $130K, and assets of $640K (revenue -8.5% year-over-year).
- 2013: Revenue of $114K, expenses of $130K, and assets of $642K (revenue -11.0% year-over-year).
- 2012: Revenue of $128K, expenses of $129K, and assets of $663K (revenue -11.2% year-over-year).
- 2011: Revenue of $144K, expenses of $125K, and assets of $683K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Cemetery Corporation:
Data Sources and Methodology
This transparency report for Hope Cemetery Corporation 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.