Hope Elephants Inc

Hope Elephants Inc. reports zero revenue and assets in its latest filing, indicating potential inactivity or closure after years of declining finances.

EIN: 203853992 · Camden, ME · Updated: 2026-03-28

$0Revenue

$0Assets

30/100Mission Score (Poor)

Is Hope Elephants Inc Legit?

Significant Concerns

GoodFiling Consistency

GoodSpending Efficiency

ModerateTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Hope Elephants Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Hope Elephants Inc

Hope Elephants Inc (EIN: 203853992) is a nonprofit organization based in Camden, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Elephants Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hope Elephants Inc. appears to be in a state of financial decline, with its latest filing showing $0 in revenue and assets. This is a significant drop from its peak revenue of $595,118 in 2014 and assets of $706,199 in the same year. The organization has consistently reported expenses exceeding revenue in most recent periods, indicating an unsustainable financial model. For instance, in 2016, expenses were $13,298 against only $848 in revenue. The lack of any reported revenue or assets in the latest period suggests the organization may be inactive or in the process of winding down.

The organization's spending efficiency is difficult to assess without a detailed breakdown of expenses by function (program, administrative, fundraising) in the provided data. However, the consistent deficit spending in recent years raises concerns about its ability to effectively utilize funds. The absence of officer compensation across all reported periods suggests a volunteer-led or very lean executive structure, which could be a positive for efficiency if programs were active.

Transparency is generally good given the availability of multiple IRS 990 filings. However, the NTEE code is unknown, which can sometimes hinder a clear understanding of its specific programmatic focus. The sudden drop to zero revenue and assets in the latest period, without further context, could be a point of concern for stakeholders seeking to understand the organization's current status and future viability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hope Elephants Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Hope Elephants Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Officer compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led organization or one with no paid executives, which is unusual for an organization that once managed significant assets and 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 Elephants Inc's IRS 990 filings:

Zero revenue and assets in the latest filing, indicating potential cessation of operations.
Consistent deficit spending in recent years (e.g., 2016: $848 revenue vs. $13,298 expenses).
Significant decline in revenue from a peak of $595,118 in 2014 to $0 in the latest period.
Unknown NTEE code, which can obscure the organization's specific charitable purpose.

Strengths

The following positive indicators were identified for Hope Elephants Inc:

Consistent reporting of 0% officer compensation, suggesting a lean or volunteer-driven leadership structure.
History of managing significant assets (up to $706,199 in 2014) and revenue, indicating past operational capacity.

Frequently Asked Questions about Hope Elephants Inc

Is Hope Elephants Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hope Elephants Inc (EIN: 203853992) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.

How does Hope Elephants Inc spend its money?

Hope Elephants Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Hope Elephants Inc tax-deductible?

Hope Elephants Inc is registered as a tax-exempt nonprofit (EIN: 203853992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Hope Elephants Inc. still operational?

Based on the latest filing showing $0 in revenue and assets, it is highly probable that Hope Elephants Inc. is no longer actively operational or is in the process of dissolution.

What caused the significant decline in revenue and assets?

The provided data does not specify the reasons for the decline, but the trend shows a sharp drop in revenue from $595,118 in 2014 to $848 in 2016, culminating in $0 in the latest period. This could be due to a loss of funding sources, completion of a specific project, or other operational challenges.

How did the organization manage to operate with consistent deficits?

The organization likely drew down its assets to cover expenses when revenue was insufficient, as seen by the decrease in assets from $706,199 in 2014 to $646,152 in 2016, and eventually to $0.

Filing History

IRS 990 filing history for Hope Elephants Inc showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2012–2016), Hope Elephants Inc's revenue has declined by 99.5%, moving from $155K to $848. Total assets increased by 75.5% over the same period, from $368K to $646K. Total functional expenses fell by 74.7%, from $53K to $13K. In its most recent filing year (2016), Hope Elephants Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $340K in liabilities against $646K in assets (debt-to-asset ratio: 52.6%), resulting in net assets of $307K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2016	$848	$13K	$646K	$340K	—	View 990
2015	$11K	$27K	$681K	$362K	—	View 990
2014	$595K	$303K	$706K	$372K	—	View 990
2013	$330K	$400K	$414K	$371K	—	View 990
2012	$83K	$73K	$383K	$270K	—	View 990
2012	$155K	$53K	$368K	$265K	—	View 990

Year-by-Year Financial Summary

2016: Revenue of $848, expenses of $13K, and assets of $646K (revenue -92.4% year-over-year).
2015: Revenue of $11K, expenses of $27K, and assets of $681K (revenue -98.1% year-over-year).
2014: Revenue of $595K, expenses of $303K, and assets of $706K (revenue +80.6% year-over-year).
2013: Revenue of $330K, expenses of $400K, and assets of $414K (revenue +295.9% year-over-year).
2012: Revenue of $83K, expenses of $73K, and assets of $383K (revenue -46.4% year-over-year).
2012: Revenue of $155K, expenses of $53K, and assets of $368K.

Data Sources and Methodology

This transparency report for Hope Elephants 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.