Hope Cottage Inc
EIN: 750800652 · Dallas, TX · NTEE: P31Z
Is Hope Cottage Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Cottage Inc
Hope Cottage Inc (EIN: 750800652) is a nonprofit organization based in Dallas, TX, classified under NTEE code P31Z. The organization reported total revenue of $3.9M and total assets of $11.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Cottage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Hope Cottage Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope Cottage Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Hope Cottage Inc
Is Hope Cottage Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Cottage Inc (EIN: 750800652) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope Cottage Inc spend its money?
Detailed spending breakdown data is not yet available for Hope Cottage Inc. Check back for updated IRS 990 analysis.
Are donations to Hope Cottage Inc tax-deductible?
Hope Cottage Inc is registered as a tax-exempt nonprofit (EIN: 750800652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hope Cottage Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Cottage Inc's revenue has grown by 192.9%, moving from $1.2M to $3.5M. Total assets increased by 128.5% over the same period, from $4.6M to $10.5M. Total functional expenses rose by 47.9%, from $1.3M to $2.0M. In its most recent filing year (2023), Hope Cottage Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $270K in liabilities against $10.5M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $2.0M | $10.5M | $270K | — | View 990 |
| 2022 | $1.6M | $1.8M | $8.5M | $190K | — | View 990 |
| 2021 | $1.8M | $2.0M | $9.8M | $227K | — | View 990 |
| 2020 | $2.1M | $2.0M | $9.6M | $380K | — | — |
| 2019 | $1.6M | $2.0M | $9.1M | $213K | — | View 990 |
| 2018 | $2.0M | $2.2M | $8.6M | $148K | — | View 990 |
| 2017 | $2.3M | $2.3M | $8.7M | $109K | — | View 990 |
| 2016 | $3.1M | $2.1M | $8.7M | $294K | — | View 990 |
| 2015 | $2.6M | $1.9M | $7.4M | $103K | — | View 990 |
| 2014 | $5.1M | $1.6M | $7.1M | $250K | — | View 990 |
| 2013 | $947K | $1.3M | $4.6M | $1.2M | — | View 990 |
| 2012 | $1.4M | $1.3M | $4.6M | $1.2M | — | View 990 |
| 2011 | $1.2M | $1.3M | $4.6M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $2.0M, and assets of $10.5M (revenue +113.0% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $8.5M (revenue -10.6% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.0M, and assets of $9.8M (revenue -12.4% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $9.6M (revenue +34.0% year-over-year).
- 2019: Revenue of $1.6M, expenses of $2.0M, and assets of $9.1M (revenue -23.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.2M, and assets of $8.6M (revenue -13.3% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $8.7M (revenue -24.5% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.1M, and assets of $8.7M (revenue +20.4% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.9M, and assets of $7.4M (revenue -49.7% year-over-year).
- 2014: Revenue of $5.1M, expenses of $1.6M, and assets of $7.1M (revenue +438.2% year-over-year).
- 2013: Revenue of $947K, expenses of $1.3M, and assets of $4.6M (revenue -30.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $4.6M (revenue +14.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $4.6M.
Data Sources and Methodology
This transparency report for Hope Cottage 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.