Hope Community Services Inc
Hope Community Services Inc. shows fluctuating revenue and significant asset growth, with no reported officer compensation.
EIN: 133477015 · New Rochelle, NY · NTEE: K34Z · Updated: 2026-03-28
Is Hope Community Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Community Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Community Services Inc
Hope Community Services Inc (EIN: 133477015) is a nonprofit organization based in New Rochelle, NY, classified under NTEE code K34Z. The organization reported total revenue of $4.6M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Community Services Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-20,707 |
| Total Assets | $5.3M |
| Total Liabilities | $1.1M |
| Net Assets | $4.2M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 21.3% |
| Months of Reserves | 15.7 months |
Financial Health Grade: B
In 2023, Hope Community Services Inc reported a deficit of $21K with expenses exceeding revenue, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 21.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope Community Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.0% | -1.1% | +18.4% |
| 2022 | +19.1% | -20.9% | +147.4% |
| 2021 | -23.1% | -17.8% | +20.8% |
| 2020 | +237.0% | +198.0% | +207.1% |
| 2019 | +21.1% | +19.1% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Community Services Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hope Community Services Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.3%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size ($4M+ revenue) and suggests that executive compensation may be reported under other expense lines or that the organization is primarily volunteer-led at the executive level.
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 Community Services Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 ($1,130,010 from $271,485 in 2022) warrants further investigation.
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may indicate compensation is reported elsewhere or a fully volunteer executive team.
Strengths
The following positive indicators were identified for Hope Community Services Inc:
- Strong program spending, with expenses consistently close to revenue, indicating efficient use of funds.
- Significant asset growth over the past few years, from $488,685 in 2019 to $5,310,537 in 2023, enhancing financial stability.
- Demonstrates a lean operational model with expenses closely matching revenue in most periods.
Frequently Asked Questions about Hope Community Services Inc
Is Hope Community Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Community Services Inc (EIN: 133477015) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Hope Community Services Inc spend its money?
Hope Community Services Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Community Services Inc tax-deductible?
Hope Community Services Inc is registered as a tax-exempt nonprofit (EIN: 133477015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hope Community Services Inc. a good charity?
Based on the available data, Hope Community Services Inc. appears to be a good charity. It consistently spends nearly all of its revenue on expenses, indicating efficient use of funds, and has shown significant asset growth. The lack of reported officer compensation is a unique characteristic that could be viewed positively, assuming transparency in other expense reporting.
What caused the significant increase in liabilities in 2023?
The IRS 990 data shows liabilities increased from $271,485 in 2022 to $1,130,010 in 2023. Without access to the full 990 form, the specific reasons for this increase are unclear, but it could be due to new program funding, capital expenditures, or other operational debts.
How does Hope Community Services Inc. manage without officer compensation?
The filings consistently report 0% officer compensation. This could mean that the executive leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently within the expense breakdown (e.g., as program or administrative salaries not specifically identified as 'officer compensation'). Further detail from the full 990 would be needed to clarify.
Filing History
IRS 990 filing history for Hope Community Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Community Services Inc's revenue has grown by 441.4%, moving from $745K to $4.0M. Total assets increased by 2170.3% over the same period, from $234K to $5.3M. Total functional expenses rose by 479.2%, from $700K to $4.1M. In its most recent filing year (2023), Hope Community Services Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $5.3M in assets (debt-to-asset ratio: 21.3%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $4.1M | $5.3M | $1.1M | — | — |
| 2022 | $6.6M | $4.1M | $4.5M | $271K | — | View 990 |
| 2021 | $5.6M | $5.2M | $1.8M | $115K | — | View 990 |
| 2020 | $7.2M | $6.3M | $1.5M | $172K | — | — |
| 2019 | $2.1M | $2.1M | $489K | $73K | — | View 990 |
| 2018 | $1.8M | $1.8M | $431K | $41K | — | View 990 |
| 2017 | $1.8M | $1.8M | $471K | $72K | — | View 990 |
| 2016 | $1.4M | $1.4M | $414K | $19K | — | View 990 |
| 2015 | $1.1M | $1.1M | $398K | $13K | — | View 990 |
| 2014 | $1.1M | $879K | $390K | $16K | — | View 990 |
| 2013 | $740K | $754K | $167K | $8K | — | View 990 |
| 2012 | $573K | $617K | $188K | $15K | — | View 990 |
| 2011 | $745K | $700K | $234K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $4.1M, and assets of $5.3M (revenue -39.0% year-over-year).
- 2022: Revenue of $6.6M, expenses of $4.1M, and assets of $4.5M (revenue +19.1% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.2M, and assets of $1.8M (revenue -23.1% year-over-year).
- 2020: Revenue of $7.2M, expenses of $6.3M, and assets of $1.5M (revenue +237.0% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $489K (revenue +21.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $431K (revenue +0.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $471K (revenue +25.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $414K (revenue +33.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $398K (revenue -3.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $879K, and assets of $390K (revenue +47.7% year-over-year).
- 2013: Revenue of $740K, expenses of $754K, and assets of $167K (revenue +29.2% year-over-year).
- 2012: Revenue of $573K, expenses of $617K, and assets of $188K (revenue -23.1% year-over-year).
- 2011: Revenue of $745K, expenses of $700K, and assets of $234K.
Data Sources and Methodology
This transparency report for Hope Community Services 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.