Hope For Humanity Inc
Hope For Humanity Inc. shows consistent revenue but recent deficit spending and declining assets.
EIN: 201984786 · Richmond, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $203K |
| Program Spending | 70% |
| Net Assets | $105K |
| Transparency Score | 75/100 |
Is Hope For Humanity Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope For Humanity Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hope For Humanity Inc
Hope For Humanity Inc (EIN: 201984786) is a nonprofit organization based in Richmond, VA. The organization reported total revenue of $197K and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For Humanity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope For Humanity Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $203K |
| Surplus / Deficit | $-55,400 |
| Total Assets | $106K |
| Total Liabilities | $705 |
| Net Assets | $105K |
| Operating Margin | -37.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Hope For Humanity Inc reported a deficit of $55K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Hope For Humanity Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | -2.0% | -25.5% |
| 2022 | -23.1% | +12.8% | -24.0% |
| 2021 | +24.7% | -3.1% | +18.1% |
| 2020 | -1.6% | -8.2% | -26.2% |
| 2018 | -12.6% | +9.1% | -13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Humanity Inc with a Mission Score of 75 out of 100 (Good). 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 For Humanity Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not directly compensated, which is a positive sign for donor confidence and resource allocation relative to its size.
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 Humanity Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 and 2022, indicating deficit spending.
- Assets have declined from $186,596 in 2021 to $105,523 in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- NTEE code is unknown, hindering comparative analysis.
Strengths
The following positive indicators were identified for Hope For Humanity Inc:
- Consistent filing of IRS Form 990s, indicating transparency.
- 0% officer compensation reported across all filings, suggesting efficient use of funds for leadership.
- Very low liabilities, indicating minimal debt burden.
Frequently Asked Questions about Hope For Humanity Inc
Is Hope For Humanity Inc a legitimate charity?
Hope For Humanity Inc (EIN: 201984786) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $197K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hope For Humanity Inc spend its money?
Hope For Humanity Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hope For Humanity Inc tax-deductible?
Hope For Humanity Inc is registered as a tax-exempt nonprofit (EIN: 201984786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope For Humanity Inc's spending goes to programs?
Hope For Humanity Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Hope For Humanity Inc located?
Hope For Humanity Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 201984786.
How many years of IRS 990 filings does Hope For Humanity Inc have?
Hope For Humanity Inc has 12 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 $197K in total revenue.
Is Hope For Humanity Inc. financially stable given recent deficit spending?
The organization has experienced expenses exceeding revenue in 2023 and 2022, leading to a decline in assets from $186,596 in 2021 to $105,523 in 2023. While liabilities are low, this trend of deficit spending warrants closer examination for long-term stability.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency. Further investigation into their Form 990s would be needed for this detail.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based or compensated through roles not classified as 'officer' for IRS reporting purposes. This is generally a positive indicator of efficient resource use.
What is the organization's NTEE code and primary program focus?
The NTEE code for Hope For Humanity Inc. is currently unknown based on the provided data. Understanding their NTEE code and primary program focus would allow for better benchmarking and assessment of their impact.
Filing History
IRS 990 filing history for Hope For Humanity Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Hope For Humanity Inc's revenue has declined by 10.2%, moving from $164K to $147K. Total assets decreased by 28.1% over the same period, from $147K to $106K. Total functional expenses rose by 51.8%, from $133K to $203K. In its most recent filing year (2023), Hope For Humanity Inc reported a deficit of $55K, with expenses exceeding revenue. The organization holds $705 in liabilities against $106K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $203K | $106K | $705 | — | — |
| 2022 | $162K | $207K | $142K | $1K | — | — |
| 2021 | $211K | $183K | $187K | $2K | — | View 990 |
| 2020 | $169K | $189K | $158K | $1K | — | View 990 |
| 2018 | $172K | $206K | $214K | $1K | — | View 990 |
| 2017 | $197K | $189K | $248K | $2K | — | — |
| 2016 | $171K | $154K | $240K | $1K | — | View 990 |
| 2015 | $169K | $222K | $0 | $0 | — | View 990 |
| 2014 | $178K | $102K | $281K | $35 | — | View 990 |
| 2014 | $212K | $162K | $208K | $102 | — | View 990 |
| 2013 | $188K | $177K | $157K | $0 | — | View 990 |
| 2012 | $164K | $133K | $147K | $128 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $203K, and assets of $106K (revenue -9.3% year-over-year).
- 2022: Revenue of $162K, expenses of $207K, and assets of $142K (revenue -23.1% year-over-year).
- 2021: Revenue of $211K, expenses of $183K, and assets of $187K (revenue +24.7% year-over-year).
- 2020: Revenue of $169K, expenses of $189K, and assets of $158K (revenue -1.6% year-over-year).
- 2018: Revenue of $172K, expenses of $206K, and assets of $214K (revenue -12.6% year-over-year).
- 2017: Revenue of $197K, expenses of $189K, and assets of $248K (revenue +15.1% year-over-year).
- 2016: Revenue of $171K, expenses of $154K, and assets of $240K (revenue +1.3% year-over-year).
- 2015: Revenue of $169K, expenses of $222K, and assets of $0 (revenue -5.0% year-over-year).
- 2014: Revenue of $178K, expenses of $102K, and assets of $281K (revenue -16.3% year-over-year).
- 2014: Revenue of $212K, expenses of $162K, and assets of $208K (revenue +13.0% year-over-year).
- 2013: Revenue of $188K, expenses of $177K, and assets of $157K (revenue +14.8% year-over-year).
- 2012: Revenue of $164K, expenses of $133K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope For Humanity Inc:
Data Sources and Methodology
This transparency report for Hope For Humanity 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.