Hope For Henry Foundation
Hope For Henry Foundation faces recent operating deficits despite strong program spending and historical asset growth.
EIN: 200244173 · Glen Echo, MD · NTEE: H12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Hope For Henry 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 Henry Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope For Henry Foundation
Hope For Henry Foundation (EIN: 200244173) is a nonprofit organization based in Glen Echo, MD, classified under NTEE code H12. The organization reported total revenue of $1.6M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For Henry Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope For Henry Foundation is a mid-size nonprofit that has been operating for 23 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 | $1.7M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-496,656 |
| Total Assets | $1.6M |
| Total Liabilities | $262K |
| Net Assets | $1.3M |
| Operating Margin | -29.9% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Hope For Henry Foundation reported a deficit of $497K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope For Henry Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +24.1% | -25.6% |
| 2022 | -11.5% | +24.2% | +9.3% |
| 2021 | +28.8% | +9.9% | +30.5% |
| 2020 | -11.1% | -22.0% | +15.2% |
| 2019 | +0.4% | +6.0% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Henry Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hope For Henry Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $497K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong positive for donor perception and resource allocation to programs.
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 Henry Foundation's IRS 990 filings:
- Expenses exceeded revenue in the last two reported periods (2022 and 2023), indicating operating deficits.
- A decline in total assets from $2,134,104 in 2022 to $1,587,741 in 2023, potentially due to covering operating shortfalls.
Strengths
The following positive indicators were identified for Hope For Henry Foundation:
- Consistent history of IRS 990 filings, demonstrating transparency.
- No reported officer compensation across all filings, indicating efficient use of funds for mission.
- Significant growth in assets over the long term, from $247,434 in 2014 to $1,587,741 in 2023.
- Strong program spending focus, as implied by the high mission score and typical nonprofit efficiency benchmarks.
Frequently Asked Questions about Hope For Henry Foundation
Is Hope For Henry Foundation a legitimate charity?
Hope For Henry Foundation (EIN: 200244173) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hope For Henry Foundation spend its money?
Hope For Henry Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hope For Henry Foundation tax-deductible?
Hope For Henry Foundation is registered as a tax-exempt nonprofit (EIN: 200244173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope For Henry Foundation's spending goes to programs?
Hope For Henry Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope For Henry Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope For Henry Foundation is above average for NTEE category H12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope For Henry Foundation located?
Hope For Henry Foundation is headquartered in Glen Echo, Maryland and files with the IRS under EIN 200244173. It is classified under NTEE code H12.
How many years of IRS 990 filings does Hope For Henry Foundation have?
Hope For Henry 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 $1.6M in total revenue.
Is Hope For Henry Foundation financially sustainable given recent deficits?
The foundation has experienced expenses exceeding revenue in the 2022 and 2023 periods. For example, in 2023, expenses were $2,157,035 against revenues of $1,660,379. This trend, if continued, could impact long-term sustainability and warrants a review of revenue generation or expense management strategies.
How has the organization's asset base changed over time?
Assets have grown significantly from $247,434 in 2014 to $1,587,741 in 2023, peaking at $2,134,104 in 2022. While there's been substantial growth, the recent decline from 2022 to 2023 suggests assets are being drawn down to cover operating deficits.
What is the organization's approach to executive compensation?
All available IRS 990 filings consistently report 0% for officer compensation, indicating that no compensation is paid to officers, which is a strong positive for transparency and resource allocation to programs.
Filing History
IRS 990 filing history for Hope For Henry Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope For Henry Foundation's revenue has grown by 439%, moving from $308K to $1.7M. Total assets increased by 1307.4% over the same period, from $113K to $1.6M. Total functional expenses rose by 781.1%, from $245K to $2.2M. In its most recent filing year (2023), Hope For Henry Foundation reported a deficit of $497K, with expenses exceeding revenue. The organization holds $262K in liabilities against $1.6M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.2M | $1.6M | $262K | — | View 990 |
| 2022 | $1.7M | $1.7M | $2.1M | $311K | — | View 990 |
| 2021 | $1.9M | $1.4M | $2.0M | $69K | — | View 990 |
| 2020 | $1.5M | $1.3M | $1.5M | $109K | — | View 990 |
| 2019 | $1.7M | $1.6M | $1.3M | $110K | — | View 990 |
| 2018 | $1.6M | $1.5M | $1.2M | $85K | — | View 990 |
| 2017 | $1.8M | $1.3M | $1.1M | $20K | — | View 990 |
| 2016 | $1.4M | $1.1M | $604K | $54K | — | View 990 |
| 2015 | $624K | $652K | $221K | $8K | — | View 990 |
| 2014 | $597K | $437K | $247K | $6K | — | View 990 |
| 2013 | $411K | $420K | $81K | $0 | — | View 990 |
| 2012 | $360K | $380K | $92K | $2K | — | View 990 |
| 2011 | $308K | $245K | $113K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.2M, and assets of $1.6M (revenue -1.0% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $2.1M (revenue -11.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.4M, and assets of $2.0M (revenue +28.8% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.3M, and assets of $1.5M (revenue -11.1% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $1.3M (revenue +0.4% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $1.2M (revenue -7.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.3M, and assets of $1.1M (revenue +26.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.1M, and assets of $604K (revenue +125.2% year-over-year).
- 2015: Revenue of $624K, expenses of $652K, and assets of $221K (revenue +4.4% year-over-year).
- 2014: Revenue of $597K, expenses of $437K, and assets of $247K (revenue +45.4% year-over-year).
- 2013: Revenue of $411K, expenses of $420K, and assets of $81K (revenue +14.0% year-over-year).
- 2012: Revenue of $360K, expenses of $380K, and assets of $92K (revenue +17.0% year-over-year).
- 2011: Revenue of $308K, expenses of $245K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope For Henry Foundation:
Data Sources and Methodology
This transparency report for Hope For Henry 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.