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
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| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $7.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $47,213,164, |
| Net Assets | $42.0M |
| Transparency Score | 90/100 |
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Hope For Depression Research Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hope For Depression Research Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hope For Depression Research Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.4M and expenses of $7.7M.
Revenue and Expenses
Hope For Depression Research Foundation reported $3.4M in revenue and $7.7M in expenses, a deficit of $4.4M.
Executive Compensation
Top officer compensation appears as $47,213,164, in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
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 →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $5.8M (75%) |
Across stored filings, Hope For Depression Research Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category H context |
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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.
Organization Overview
Hope For Depression Research Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-4,365,548 |
| Total Assets | $47.2M |
| Total Liabilities | $5.3M |
| Net Assets | $42.0M |
| Operating Margin | -129.0% |
| Debt-to-Asset Ratio | 11.1% |
| Months of Reserves | 73.1 months |
Financial Health Grade: B
In 2023, Hope For Depression Research Foundation reported a deficit of $4.4M with expenses exceeding revenue, holds 73.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Hope For Depression Research Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.4% | -6.9% | -7.3% |
| 2022 | +15.6% | +40.8% | -14.9% |
| 2021 | -82.0% | -15.1% | +78.5% |
| 2020 | +665.4% | +10.8% | +809.3% |
| 2019 | -40.2% | +32.2% | -24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.1%.
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?
Hope For Depression Research Foundation (EIN: 204559210) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hope For Depression Research Foundation spend its money?
Hope For Depression Research Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
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.
How much does the Hope For Depression Research Foundation CEO make?
Hope For Depression Research Foundation's highest-compensated officer earns $47,213,164, annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hope For Depression Research Foundation's spending goes to programs?
Hope For Depression Research Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope For Depression Research Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hope For Depression Research Foundation is above average for NTEE category H129 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope For Depression Research Foundation located?
Hope For Depression Research Foundation is headquartered in New York, New York and files with the IRS under EIN 204559210. It is classified under NTEE code H129.
How many years of IRS 990 filings does Hope For Depression Research Foundation have?
Hope For Depression Research Foundation has 13 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 $2.7M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope For Depression Research Foundation:
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.