Hope For New York
Hope For New York consistently operates with revenues and expenses around $5 million, showing strong asset reserves despite occasional operating deficits.
EIN: 133713484 · New York, NY · NTEE: T30J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $5.2M |
| Program Spending | 85% |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is Hope For New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope For New York directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope For New York
Hope For New York (EIN: 133713484) is a nonprofit organization based in New York, NY, classified under NTEE code T30J. The organization reported total revenue of $7.4M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope For New York is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-359,340 |
| Total Assets | $5.2M |
| Total Liabilities | $995K |
| Net Assets | $4.2M |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2023, Hope For New York reported a deficit of $359K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope For New York's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | +0.7% | -7.7% |
| 2022 | -10.9% | -1.9% | +20.9% |
| 2021 | +14.8% | -2.7% | +0.8% |
| 2020 | +7.8% | +19.2% | -3.6% |
| 2019 | +11.6% | +5.1% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 New York 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 New York 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 $359K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly unusual and suggests a volunteer-led or externally funded leadership structure, or that compensation is reported under other categories not specified as 'officer comp'.
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 New York's IRS 990 filings:
- Occasional operating deficits where expenses exceed revenue, as seen in 202306 ($5,164,506 expenses vs. $4,805,166 revenue).
Strengths
The following positive indicators were identified for Hope For New York:
- Consistent reporting of 0% officer compensation, indicating a strong focus on mission and efficient use of funds.
- Healthy asset levels, with $5,223,765 in assets in 202306, providing financial stability.
- Long filing history (13 filings) demonstrates consistent operation and transparency over time.
Frequently Asked Questions about Hope For New York
Is Hope For New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope For New York (EIN: 133713484) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Hope For New York spend its money?
Hope For New York directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope For New York tax-deductible?
Hope For New York is registered as a tax-exempt nonprofit (EIN: 133713484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope For New York's spending goes to programs?
Hope For New York directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope For New York compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope For New York is above average for NTEE category T30J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope For New York located?
Hope For New York is headquartered in New York, New York and files with the IRS under EIN 133713484. It is classified under NTEE code T30J.
How many years of IRS 990 filings does Hope For New York have?
Hope For New York 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 $7.4M in total revenue.
How does Hope For New York cover its operating deficits in periods where expenses exceed revenue?
The organization likely draws from its substantial asset reserves, which stood at $5,223,765 in 202306, to cover periods where expenses exceed revenue, as seen in 202306 where expenses were $5,164,506 against $4,805,166 in revenue.
What is the nature of the '0% Officer Comp' reported across all filings?
The consistent reporting of 0% officer compensation suggests that either the organization's officers are entirely volunteer-based, or their compensation is categorized differently within the IRS 990, such as under general salaries, rather than specifically as 'officer compensation'.
Is the organization's financial health improving or declining?
While the organization has experienced fluctuations, with some periods showing deficits (e.g., 202306, 202206), its asset base has generally remained strong and even increased in some years (e.g., from $4,683,559 in 202106 to $5,223,765 in 202306), indicating a stable, albeit sometimes deficit-spending, financial position.
Filing History
IRS 990 filing history for Hope For New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope For New York's revenue has grown by 108.6%, moving from $2.3M to $4.8M. Total assets increased by 80.1% over the same period, from $2.9M to $5.2M. Total functional expenses rose by 182.3%, from $1.8M to $5.2M. In its most recent filing year (2023), Hope For New York reported a deficit of $359K, with expenses exceeding revenue. The organization holds $995K in liabilities against $5.2M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.2M | $5.2M | $995K | — | — |
| 2022 | $5.1M | $5.1M | $5.7M | $1.2M | — | View 990 |
| 2021 | $5.7M | $5.2M | $4.7M | $58K | — | — |
| 2020 | $5.0M | $5.4M | $4.6M | $525K | — | View 990 |
| 2019 | $4.6M | $4.5M | $4.8M | $323K | — | View 990 |
| 2018 | $4.2M | $4.3M | $4.6M | $203K | — | View 990 |
| 2017 | $3.7M | $3.6M | $4.6M | $128K | — | View 990 |
| 2016 | $3.9M | $2.9M | $4.5M | $81K | — | View 990 |
| 2015 | $2.7M | $2.4M | $3.7M | $163K | — | View 990 |
| 2014 | $2.5M | $2.4M | $3.4M | $218K | — | View 990 |
| 2013 | $2.6M | $2.5M | $3.2M | $113K | — | View 990 |
| 2012 | $2.2M | $2.1M | $3.1M | $98K | — | View 990 |
| 2011 | $2.3M | $1.8M | $2.9M | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.2M, and assets of $5.2M (revenue -5.9% year-over-year).
- 2022: Revenue of $5.1M, expenses of $5.1M, and assets of $5.7M (revenue -10.9% year-over-year).
- 2021: Revenue of $5.7M, expenses of $5.2M, and assets of $4.7M (revenue +14.8% year-over-year).
- 2020: Revenue of $5.0M, expenses of $5.4M, and assets of $4.6M (revenue +7.8% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.5M, and assets of $4.8M (revenue +11.6% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.3M, and assets of $4.6M (revenue +11.5% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.6M, and assets of $4.6M (revenue -3.3% year-over-year).
- 2016: Revenue of $3.9M, expenses of $2.9M, and assets of $4.5M (revenue +40.7% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.4M, and assets of $3.7M (revenue +11.6% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $3.4M (revenue -5.2% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $3.2M (revenue +15.7% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.1M, and assets of $3.1M (revenue -3.0% year-over-year).
- 2011: Revenue of $2.3M, expenses of $1.8M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope For New York:
Data Sources and Methodology
This transparency report for Hope For New York 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.