Hope Club Preservation Fund
Hope Club Preservation Fund maintains low expenses and zero liabilities amidst fluctuating, often minimal, revenue.
EIN: 20661170 · Providence, RI · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $5K |
| Program Spending | 90% |
| Net Assets | $416K |
| Transparency Score | 85/100 |
Is Hope Club Preservation Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Club Preservation Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Club Preservation Fund
Hope Club Preservation Fund (EIN: 20661170) is a nonprofit organization based in Providence, RI, classified under NTEE code A80. The organization reported total revenue of $217K and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Club Preservation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Club Preservation Fund is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $5K |
| Surplus / Deficit | +$119K |
| Total Assets | $416K |
| Net Assets | $416K |
| Operating Margin | 95.9% |
| Months of Reserves | 993.6 months |
Financial Health Grade: A
In 2023, Hope Club Preservation Fund reported a surplus of $119K with revenue exceeding expenses, holds 993.6 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Hope Club Preservation Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23931.5% | +25000.0% | +38.7% |
| 2020 | -78.5% | -99.8% | +0.2% |
| 2019 | +337.8% | +592.1% | -2.6% |
| 2018 | +242.5% | +0.0% | -0.3% |
| 2017 | +15900.0% | -96.8% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Club Preservation Fund with a Mission Score of 85 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 Club Preservation Fund 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 surplus of $119K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is entirely volunteer-based and receives no salary, which is highly commendable for a nonprofit of its 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.
Red Flags
The following concerns were identified during AI analysis of Hope Club Preservation Fund's IRS 990 filings:
- Highly inconsistent and often minimal revenue generation over multiple years.
- Lack of detailed expense breakdown makes it difficult to assess specific program spending versus administrative costs.
Strengths
The following positive indicators were identified for Hope Club Preservation Fund:
- Consistently very low operational expenses (e.g., $5,020 in 202312).
- Zero reported liabilities across all filing periods, indicating strong financial stability.
- No officer compensation reported, demonstrating a volunteer-driven leadership model.
- Significant asset base ($415,655 in 202312) relative to annual expenses.
Frequently Asked Questions about Hope Club Preservation Fund
Is Hope Club Preservation Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Club Preservation Fund (EIN: 20661170) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Hope Club Preservation Fund spend its money?
Hope Club Preservation Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Club Preservation Fund tax-deductible?
Hope Club Preservation Fund is registered as a tax-exempt nonprofit (EIN: 20661170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hope Club Preservation Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope Club Preservation Fund is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Club Preservation Fund located?
Hope Club Preservation Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 20661170. It is classified under NTEE code A80.
How many years of IRS 990 filings does Hope Club Preservation Fund have?
Hope Club Preservation Fund 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 $217K in total revenue.
What are the primary activities or programs of the Hope Club Preservation Fund?
Given the very low expenses (e.g., $5,020 in 202312) and fluctuating revenue, it's unclear what specific programs or preservation activities the fund actively undertakes beyond potentially maintaining its assets. More detailed program expense information would be needed.
How does the organization generate its revenue, given the inconsistent amounts?
The revenue figures vary wildly, from $1 in 201612 to $123,762 in 202312. This suggests revenue might come from infrequent, larger donations or specific grants rather than consistent fundraising efforts.
What is the purpose of accumulating assets if program spending is consistently low?
With assets of $415,655 in 202312 and minimal expenses, the organization appears to be primarily focused on asset preservation. The specific nature of these assets (e.g., property, endowment) would clarify its long-term strategy.
Filing History
IRS 990 filing history for Hope Club Preservation Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Hope Club Preservation Fund's revenue has grown by 15%, moving from $108K to $124K. Total assets increased by 14.7% over the same period, from $362K to $416K. In its most recent filing year (2023), Hope Club Preservation Fund reported a surplus of $119K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124K | $5K | $416K | $0 | — | — |
| 2020 | $515 | $20 | $300K | $0 | — | — |
| 2019 | $2K | $11K | $299K | $0 | — | View 990 |
| 2018 | $548 | $2K | $307K | $0 | — | View 990 |
| 2017 | $160 | $2K | $308K | $0 | — | View 990 |
| 2016 | $1 | $47K | $310K | $0 | — | View 990 |
| 2015 | $503 | $4K | $357K | $0 | — | View 990 |
| 2014 | $6 | $2K | $360K | $0 | — | View 990 |
| 2013 | $2K | $3K | $362K | $0 | — | View 990 |
| 2012 | $554 | $55 | $363K | $0 | — | View 990 |
| 2011 | $108K | $0 | $362K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124K, expenses of $5K, and assets of $416K (revenue +23931.5% year-over-year).
- 2020: Revenue of $515, expenses of $20, and assets of $300K (revenue -78.5% year-over-year).
- 2019: Revenue of $2K, expenses of $11K, and assets of $299K (revenue +337.8% year-over-year).
- 2018: Revenue of $548, expenses of $2K, and assets of $307K (revenue +242.5% year-over-year).
- 2017: Revenue of $160, expenses of $2K, and assets of $308K (revenue +15900.0% year-over-year).
- 2016: Revenue of $1, expenses of $47K, and assets of $310K (revenue -99.8% year-over-year).
- 2015: Revenue of $503, expenses of $4K, and assets of $357K (revenue +8283.3% year-over-year).
- 2014: Revenue of $6, expenses of $2K, and assets of $360K (revenue -99.7% year-over-year).
- 2013: Revenue of $2K, expenses of $3K, and assets of $362K (revenue +262.1% year-over-year).
- 2012: Revenue of $554, expenses of $55, and assets of $363K (revenue -99.5% year-over-year).
- 2011: Revenue of $108K, expenses of $0, and assets of $362K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Club Preservation Fund:
Data Sources and Methodology
This transparency report for Hope Club Preservation Fund 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.