Hope For West Africa Foundation Inc
Hope For West Africa Foundation Inc shows fluctuating revenue and expenses, with periods of deficit spending and declining assets.
EIN: 203863669 · Baltimore, MD · NTEE: E12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $160K |
| Program Spending | 80% |
| Net Assets | $39K |
| Transparency Score | 65/100 |
Is Hope For West Africa Foundation 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 West Africa Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope For West Africa Foundation Inc
Hope For West Africa Foundation Inc (EIN: 203863669) is a nonprofit organization based in Baltimore, MD, classified under NTEE code E12. The organization reported total revenue of $108K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For West Africa Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope For West Africa Foundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $170K |
| Total Expenses | $160K |
| Surplus / Deficit | +$10K |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | 5.9% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, Hope For West Africa Foundation Inc reported a surplus of $10K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Hope For West Africa Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +183.5% | +127.8% | +35.0% |
| 2022 | -56.0% | -58.2% | -26.3% |
| 2021 | +133.4% | +74.0% | -44.9% |
| 2020 | -57.2% | -27.1% | -37.2% |
| 2019 | +16.7% | +78.0% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 West Africa Foundation Inc with a Mission Score of 65 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Hope For West Africa Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $10K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive for donor perception regarding executive pay relative to the organization's 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 West Africa Foundation Inc's IRS 990 filings:
- Inconsistent revenue generation and significant year-over-year fluctuations.
- Frequent periods of deficit spending where expenses exceed revenue (e.g., 2022, 2021, 2020, 2017, 2015).
- Significant decline in total assets over the past decade, from $234,171 in 2014 to $38,811 in 2023.
Strengths
The following positive indicators were identified for Hope For West Africa Foundation Inc:
- Consistent filing of IRS Form 990s, indicating good transparency.
- Zero reported liabilities across all available filings, suggesting a debt-free operation.
- 0% officer compensation reported, indicating a volunteer-led or very lean executive structure.
Frequently Asked Questions about Hope For West Africa Foundation Inc
Is Hope For West Africa Foundation Inc a legitimate charity?
Hope For West Africa Foundation Inc (EIN: 203863669) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $108K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Hope For West Africa Foundation Inc spend its money?
Hope For West Africa Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hope For West Africa Foundation Inc tax-deductible?
Hope For West Africa Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203863669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope For West Africa Foundation Inc's spending goes to programs?
Hope For West Africa Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope For West Africa Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hope For West Africa Foundation Inc is above average for NTEE category E12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope For West Africa Foundation Inc located?
Hope For West Africa Foundation Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 203863669. It is classified under NTEE code E12.
How many years of IRS 990 filings does Hope For West Africa Foundation Inc have?
Hope For West Africa Foundation Inc 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 $108K in total revenue.
Is Hope For West Africa Foundation Inc financially stable?
The organization's financial stability is inconsistent. While it has no reported liabilities, it has experienced several years of deficit spending (e.g., 2022, 2021, 2020, 2017, 2015) and its assets have significantly decreased from $234,171 in 2014 to $38,811 in 2023, suggesting potential long-term sustainability challenges without more consistent revenue generation.
How efficient is Hope For West Africa Foundation Inc with its spending?
Without detailed functional expense breakdowns beyond total expenses, a precise efficiency assessment is difficult. However, the consistent reporting of 0% officer compensation suggests a lean operational structure at the executive level, which is a positive indicator for efficiency in that area.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend over the past decade, from a high of $234,171 in 2014 to $38,811 in 2023, indicating that expenses have frequently outpaced revenue, drawing down reserves.
Filing History
IRS 990 filing history for Hope For West Africa Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope For West Africa Foundation Inc's revenue has grown by 0.1%, moving from $170K to $170K. Total assets decreased by 37.5% over the same period, from $62K to $39K. Total functional expenses rose by 19.1%, from $134K to $160K. In its most recent filing year (2023), Hope For West Africa Foundation Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $170K | $160K | $39K | $0 | — | — |
| 2022 | $60K | $70K | $29K | $0 | — | View 990 |
| 2021 | $137K | $168K | $39K | $0 | — | View 990 |
| 2020 | $58K | $97K | $71K | $0 | — | View 990 |
| 2019 | $137K | $133K | $113K | $0 | — | View 990 |
| 2018 | $117K | $75K | $108K | $0 | — | View 990 |
| 2017 | $79K | $198K | $63K | $0 | — | View 990 |
| 2016 | $264K | $139K | $181K | $0 | — | View 990 |
| 2015 | $121K | $243K | $57K | $0 | — | View 990 |
| 2014 | $130K | $68K | $234K | $0 | — | View 990 |
| 2013 | $282K | $173K | $173K | $200 | — | — |
| 2012 | $81K | $80K | $64K | $200 | — | View 990 |
| 2011 | $170K | $134K | $62K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $170K, expenses of $160K, and assets of $39K (revenue +183.5% year-over-year).
- 2022: Revenue of $60K, expenses of $70K, and assets of $29K (revenue -56.0% year-over-year).
- 2021: Revenue of $137K, expenses of $168K, and assets of $39K (revenue +133.4% year-over-year).
- 2020: Revenue of $58K, expenses of $97K, and assets of $71K (revenue -57.2% year-over-year).
- 2019: Revenue of $137K, expenses of $133K, and assets of $113K (revenue +16.7% year-over-year).
- 2018: Revenue of $117K, expenses of $75K, and assets of $108K (revenue +48.0% year-over-year).
- 2017: Revenue of $79K, expenses of $198K, and assets of $63K (revenue -70.0% year-over-year).
- 2016: Revenue of $264K, expenses of $139K, and assets of $181K (revenue +117.8% year-over-year).
- 2015: Revenue of $121K, expenses of $243K, and assets of $57K (revenue -6.7% year-over-year).
- 2014: Revenue of $130K, expenses of $68K, and assets of $234K (revenue -54.1% year-over-year).
- 2013: Revenue of $282K, expenses of $173K, and assets of $173K (revenue +249.0% year-over-year).
- 2012: Revenue of $81K, expenses of $80K, and assets of $64K (revenue -52.4% year-over-year).
- 2011: Revenue of $170K, expenses of $134K, and assets of $62K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope For West Africa Foundation Inc:
Data Sources and Methodology
This transparency report for Hope For West Africa Foundation 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.