Hope For Depression Research Foundation
Hope For Depression Research Foundation consistently directs a high percentage of spending to programs with zero reported officer compensation.
EIN: 204559210 · New York, NY · NTEE: H129 · Updated: 2026-03-28
Is Hope For Depression Research Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope For Depression Research Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope For Depression Research Foundation
Hope For Depression Research Foundation (EIN: 204559210) is a nonprofit organization based in New York, NY, classified under NTEE code H129. The organization reported total revenue of $2.7M and total assets of $44.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For Depression Research Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope For Depression Research Foundation 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Hope For Depression Research Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Hope For Depression Research Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size with assets reaching $47,213,164, suggesting either a fully volunteer leadership or compensation being reported under different categories, which would require further investigation for complete transparency.
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 For Depression Research Foundation's IRS 990 filings:
- Significant fluctuations in annual revenue and expenses, particularly the large deficit in 202306 where expenses were more than double revenue.
- Consistent 0% officer compensation reported across all filings, which is highly unusual for an organization of this size and could indicate compensation is reported in less transparent ways or through related entities.
Strengths
The following positive indicators were identified for Hope For Depression Research Foundation:
- High percentage of spending consistently allocated to program services (75% in 202306).
- Strong asset base ($47,213,164 in 202306) providing financial stability.
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Low liabilities relative to assets, suggesting good financial management and solvency.
Frequently Asked Questions about Hope For Depression Research Foundation
Is Hope For Depression Research Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope For Depression Research Foundation (EIN: 204559210) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Hope For Depression Research Foundation spend its money?
Hope For Depression Research Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope For Depression Research Foundation tax-deductible?
Hope For Depression Research Foundation is registered as a tax-exempt nonprofit (EIN: 204559210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hope For Depression Research Foundation a good charity?
Based on the available IRS 990 data, Hope For Depression Research Foundation appears to be a good charity, primarily due to its high program spending ratio (75% in 202306) and consistent reporting of 0% officer compensation, indicating a strong focus on its mission and efficient use of funds.
How does Hope For Depression Research Foundation fund its operations given 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive compensation is reported under different expense categories, or covered by an affiliated entity. Further investigation into their detailed financial statements would be needed to fully understand this structure.
What caused the significant revenue spike in 202008?
The revenue spike to $38,115,467 in 202008 is a notable outlier compared to other years. This could be due to a large one-time donation, a major grant, or a successful capital campaign. Without more detailed financial statements, the exact cause cannot be determined from the 990 summary data.
Is the organization's deficit spending in 202306 a concern?
In 202306, expenses ($7,749,109) significantly exceeded revenue ($3,383,561). While this represents deficit spending, the organization's substantial asset base of $47,213,164 provides a significant buffer, suggesting it can absorb such deficits in the short term without immediate financial distress.
Filing History
IRS 990 filing history for Hope For Depression Research Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Hope For Depression Research Foundation's revenue has grown by 171.3%, moving from $1.2M to $3.4M. Total assets increased by 4913.5% over the same period, from $942K to $47.2M. Total functional expenses rose by 675.7%, from $999K to $7.7M. In its most recent filing year (2023), Hope For Depression Research Foundation reported a deficit of $4.4M, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $47.2M in assets (debt-to-asset ratio: 11.1%), resulting in net assets of $42.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $7.7M | $47.2M | $5.3M | — | — |
| 2022 | $7.9M | $8.3M | $50.9M | $5.3M | — | View 990 |
| 2021 | $6.9M | $5.9M | $59.8M | $4.5M | — | View 990 |
| 2020 | $38.1M | $7.0M | $33.5M | $233K | — | — |
| 2019 | $5.0M | $6.3M | $3.7M | $198K | — | View 990 |
| 2018 | $8.3M | $4.8M | $4.9M | $68K | — | View 990 |
| 2017 | $4.9M | $4.8M | $1.3M | $60K | — | View 990 |
| 2016 | $5.1M | $5.4M | $1.2M | $53K | — | View 990 |
| 2015 | $3.8M | $4.0M | $1.7M | $365K | — | View 990 |
| 2015 | $2.5M | $3.1M | $1.6M | $68K | — | View 990 |
| 2014 | $2.9M | $3.1M | $2.1M | $15K | — | View 990 |
| 2013 | $3.5M | $2.1M | $2.3M | $28K | — | View 990 |
| 2012 | $1.2M | $999K | $942K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $7.7M, and assets of $47.2M (revenue -57.4% year-over-year).
- 2022: Revenue of $7.9M, expenses of $8.3M, and assets of $50.9M (revenue +15.6% year-over-year).
- 2021: Revenue of $6.9M, expenses of $5.9M, and assets of $59.8M (revenue -82.0% year-over-year).
- 2020: Revenue of $38.1M, expenses of $7.0M, and assets of $33.5M (revenue +665.4% year-over-year).
- 2019: Revenue of $5.0M, expenses of $6.3M, and assets of $3.7M (revenue -40.2% year-over-year).
- 2018: Revenue of $8.3M, expenses of $4.8M, and assets of $4.9M (revenue +68.4% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.8M, and assets of $1.3M (revenue -3.5% year-over-year).
- 2016: Revenue of $5.1M, expenses of $5.4M, and assets of $1.2M (revenue +33.4% year-over-year).
- 2015: Revenue of $3.8M, expenses of $4.0M, and assets of $1.7M (revenue +51.1% year-over-year).
- 2015: Revenue of $2.5M, expenses of $3.1M, and assets of $1.6M (revenue -11.6% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.1M, and assets of $2.1M (revenue -17.7% year-over-year).
- 2013: Revenue of $3.5M, expenses of $2.1M, and assets of $2.3M (revenue +180.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $999K, and assets of $942K.
Data Sources and Methodology
This transparency report for Hope For Depression Research Foundation 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.