Hope Foundation Re Entry Network Inc
EIN: 453202505 · Washington, DC · NTEE: I40
| Metric | Value |
|---|---|
| Total Revenue | $481K |
| Total Expenses | $601K |
Is Hope Foundation Re Entry Network Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Foundation Re Entry Network Inc
Hope Foundation Re Entry Network Inc (EIN: 453202505) is a nonprofit organization based in Washington, DC, classified under NTEE code I40. The organization reported total revenue of $481K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Foundation Re Entry Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Foundation Re Entry Network Inc is a small nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 33.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $779K |
| Total Expenses | $601K |
| Surplus / Deficit | +$179K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 22.9% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Hope Foundation Re Entry Network Inc reported a surplus of $179K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2015–2023), Hope Foundation Re Entry Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +180.7% | +116.3% | — |
| 2022 | +39.5% | +39.5% | -100.0% |
| 2021 | +38.1% | +137.9% | +0.0% |
| 2020 | -25.9% | -28.1% | +0.0% |
| 2019 | +7.8% | +26.3% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Foundation Re Entry Network Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope Foundation Re Entry Network Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $179K, with revenue exceeding expenses.
Frequently Asked Questions about Hope Foundation Re Entry Network Inc
Is Hope Foundation Re Entry Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Foundation Re Entry Network Inc (EIN: 453202505) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope Foundation Re Entry Network Inc spend its money?
Detailed spending breakdown data is not yet available for Hope Foundation Re Entry Network Inc. Check back for updated IRS 990 analysis.
Are donations to Hope Foundation Re Entry Network Inc tax-deductible?
Hope Foundation Re Entry Network Inc is registered as a tax-exempt nonprofit (EIN: 453202505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Foundation Re Entry Network Inc located?
Hope Foundation Re Entry Network Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 453202505. It is classified under NTEE code I40.
How many years of IRS 990 filings does Hope Foundation Re Entry Network Inc have?
Hope Foundation Re Entry Network Inc has 9 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 $481K in total revenue.
Filing History
IRS 990 filing history for Hope Foundation Re Entry Network Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Hope Foundation Re Entry Network Inc's revenue has grown by 930%, moving from $76K to $779K. Total functional expenses rose by 2766%, from $21K to $601K. In its most recent filing year (2023), Hope Foundation Re Entry Network Inc reported a surplus of $179K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $779K | $601K | $0 | $0 | — | View 990 |
| 2022 | $278K | $278K | $0 | $0 | — | View 990 |
| 2021 | $199K | $199K | $1 | $0 | — | View 990 |
| 2020 | $144K | $84K | $1 | $0 | — | View 990 |
| 2019 | $195K | $116K | $1 | $0 | — | View 990 |
| 2018 | $181K | $92K | $1 | $0 | — | View 990 |
| 2017 | $110K | $57K | $1 | $0 | — | View 990 |
| 2016 | $121K | $81K | $1 | $0 | — | View 990 |
| 2015 | $76K | $21K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $779K, expenses of $601K, and assets of $0 (revenue +180.7% year-over-year).
- 2022: Revenue of $278K, expenses of $278K, and assets of $0 (revenue +39.5% year-over-year).
- 2021: Revenue of $199K, expenses of $199K, and assets of $1 (revenue +38.1% year-over-year).
- 2020: Revenue of $144K, expenses of $84K, and assets of $1 (revenue -25.9% year-over-year).
- 2019: Revenue of $195K, expenses of $116K, and assets of $1 (revenue +7.8% year-over-year).
- 2018: Revenue of $181K, expenses of $92K, and assets of $1 (revenue +63.5% year-over-year).
- 2017: Revenue of $110K, expenses of $57K, and assets of $1 (revenue -8.5% year-over-year).
- 2016: Revenue of $121K, expenses of $81K, and assets of $1 (revenue +59.5% year-over-year).
- 2015: Revenue of $76K, expenses of $21K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Foundation Re Entry Network Inc:
Data Sources and Methodology
This transparency report for Hope Foundation Re Entry Network 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.