Hope For Poor Children Foundationincorporated
Hope For Poor Children Foundationincorporated shows volatile revenue but stable assets and no officer compensation.
EIN: 203998963 · Greenwich, CT · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $428K |
| Program Spending | 70% |
| Net Assets | $9.3M |
| Transparency Score | 75/100 |
Is Hope For Poor Children Foundationincorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope For Poor Children Foundationincorporated directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hope For Poor Children Foundationincorporated
Hope For Poor Children Foundationincorporated (EIN: 203998963) is a nonprofit organization based in Greenwich, CT, classified under NTEE code P20. The organization reported total revenue of $1.4M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For Poor Children Foundationincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope For Poor Children Foundationincorporated is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $921K |
| Total Expenses | $428K |
| Surplus / Deficit | +$493K |
| Total Assets | $9.3M |
| Net Assets | $9.3M |
| Operating Margin | 53.5% |
| Months of Reserves | 260.7 months |
Financial Health Grade: A
In 2023, Hope For Poor Children Foundationincorporated reported a surplus of $493K with revenue exceeding expenses, holds 260.7 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +156.0% | -79.4% | +2.5% |
| 2022 | -84.2% | +236.0% | -18.0% |
| 2021 | -5.1% | +26.9% | +9.7% |
| 2020 | +2723.6% | +7.9% | +23.3% |
| 2019 | +9.3% | -45.9% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Poor Children Foundationincorporated 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 Poor Children Foundationincorporated 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 surplus of $493K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a strong positive for financial efficiency and ensures that all funds are directed towards the organization's mission.
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 Poor Children Foundationincorporated's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $2.3M in 2020 vs. $77K in 2018)
- Expenses sometimes vastly exceed revenue without clear explanation in summary data (e.g., 2022 expenses $2.07M vs. revenue $359K)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Hope For Poor Children Foundationincorporated:
- Consistent reporting of zero liabilities, indicating strong financial health.
- No officer compensation reported across all filings, maximizing funds for mission.
- Substantial and stable asset base (over $9 million) provides financial security.
- Long filing history (13 filings) indicates consistent compliance and operation.
Frequently Asked Questions about Hope For Poor Children Foundationincorporated
Is Hope For Poor Children Foundationincorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope For Poor Children Foundationincorporated (EIN: 203998963) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Hope For Poor Children Foundationincorporated spend its money?
Hope For Poor Children Foundationincorporated directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope For Poor Children Foundationincorporated tax-deductible?
Hope For Poor Children Foundationincorporated is registered as a tax-exempt nonprofit (EIN: 203998963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope For Poor Children Foundationincorporated's spending goes to programs?
Hope For Poor Children Foundationincorporated directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hope For Poor Children Foundationincorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hope For Poor Children Foundationincorporated is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope For Poor Children Foundationincorporated located?
Hope For Poor Children Foundationincorporated is headquartered in Greenwich, Connecticut and files with the IRS under EIN 203998963. It is classified under NTEE code P20.
How many years of IRS 990 filings does Hope For Poor Children Foundationincorporated have?
Hope For Poor Children Foundationincorporated 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 $1.4M in total revenue.
Is Hope For Poor Children Foundationincorporated a good charity?
Based on the available data, the charity demonstrates strong financial stability with consistent assets and zero liabilities. The absence of officer compensation is a significant positive. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess program efficiency. The high revenue volatility also raises questions about funding predictability.
How does the organization manage its expenses given the fluctuating revenue?
The organization's expenses also fluctuate significantly, sometimes exceeding revenue (e.g., 2022: Revenue $359,939, Expenses $2,079,667; 2018: Revenue $77,706, Expenses $835,946). This suggests they may be drawing from their substantial asset base during lean years or have large, infrequent program expenditures. Further detail on expense categories would clarify this.
What is the purpose of the large asset base if revenue is so inconsistent?
The consistent asset base, ranging from $8.1 million to $11 million, likely serves as an endowment or reserve fund. This provides financial stability and allows the organization to continue operations and programs even during periods of low revenue, as seen in years like 2022 where expenses significantly outstripped revenue.
Filing History
IRS 990 filing history for Hope For Poor Children Foundationincorporated showing financial trends over 13 years of public records:
Total assets increased by 0.2% over the same period, from $9.3M to $9.3M. Total functional expenses fell by 37.7%, from $687K to $428K. In its most recent filing year (2023), Hope For Poor Children Foundationincorporated reported a surplus of $493K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $921K | $428K | $9.3M | $0 | — | — |
| 2022 | $360K | $2.1M | $9.1M | $0 | — | View 990 |
| 2021 | $2.3M | $619K | $11.1M | $0 | — | View 990 |
| 2020 | $2.4M | $488K | $10.1M | $0 | — | View 990 |
| 2019 | $85K | $452K | $8.2M | $6K | — | View 990 |
| 2018 | $78K | $836K | $8.5M | $0 | — | View 990 |
| 2017 | $1.1M | $639K | $9.3M | $0 | — | — |
| 2016 | $185K | $783K | $9.4M | $0 | — | View 990 |
| 2015 | $343K | $627K | $9.5M | $0 | — | View 990 |
| 2014 | $168K | $574K | $9.7M | $0 | — | View 990 |
| 2013 | $1.5M | $755K | $10.1M | $0 | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | View 990 |
| 2011 | $-1,058,252 | $687K | $9.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $921K, expenses of $428K, and assets of $9.3M (revenue +156.0% year-over-year).
- 2022: Revenue of $360K, expenses of $2.1M, and assets of $9.1M (revenue -84.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $619K, and assets of $11.1M (revenue -5.1% year-over-year).
- 2020: Revenue of $2.4M, expenses of $488K, and assets of $10.1M (revenue +2723.6% year-over-year).
- 2019: Revenue of $85K, expenses of $452K, and assets of $8.2M (revenue +9.3% year-over-year).
- 2018: Revenue of $78K, expenses of $836K, and assets of $8.5M (revenue -92.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $639K, and assets of $9.3M (revenue +467.7% year-over-year).
- 2016: Revenue of $185K, expenses of $783K, and assets of $9.4M (revenue -45.9% year-over-year).
- 2015: Revenue of $343K, expenses of $627K, and assets of $9.5M (revenue +104.8% year-over-year).
- 2014: Revenue of $168K, expenses of $574K, and assets of $9.7M (revenue -88.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $755K, and assets of $10.1M.
- 2012: Revenue of $0, expenses of $0, and assets of $0.
- 2011: Revenue of $-1,058,252, expenses of $687K, and assets of $9.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope For Poor Children Foundationincorporated:
Data Sources and Methodology
This transparency report for Hope For Poor Children Foundationincorporated 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.