Hope Harbor
Hope Harbor maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 200652270 · Marshall, MN · NTEE: L20 · Updated: 2026-03-28
Is Hope Harbor Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Harbor directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Harbor
Hope Harbor (EIN: 200652270) is a nonprofit organization based in Marshall, MN, classified under NTEE code L20. The organization reported total revenue of $1.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Harbor's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope Harbor with a Mission Score of 90 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 Harbor 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.
Executive Compensation Analysis
Hope Harbor consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of 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 Harbor's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,434,252 vs $1,373,834), indicating a slight deficit for that period.
Strengths
The following positive indicators were identified for Hope Harbor:
- Consistent reporting of 0% officer compensation across all filings.
- Strong asset base ($1,806,796 in 2023) relative to liabilities ($167,569 in 2023).
- Significant growth in revenue over the past decade, from $321,203 in 2015 to $1,373,834 in 2023.
- Healthy financial reserves, as indicated by the high asset-to-liability ratio.
Frequently Asked Questions about Hope Harbor
Is Hope Harbor a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Harbor (EIN: 200652270) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Hope Harbor spend its money?
Hope Harbor directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Harbor tax-deductible?
Hope Harbor is registered as a tax-exempt nonprofit (EIN: 200652270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hope Harbor a good charity?
Based on the available financial data, Hope Harbor appears to be a good charity. It maintains a strong asset base, low liabilities, and consistently reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has Hope Harbor's revenue trended over time?
Hope Harbor's revenue has shown a general upward trend over the past decade, from $321,203 in 2015 to $1,373,834 in 2023, though with some year-to-year fluctuations.
What is Hope Harbor's financial stability?
Hope Harbor demonstrates strong financial stability, with assets of $1,806,796 significantly outweighing liabilities of $167,569 in 2023, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Hope Harbor showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Harbor's revenue has grown by 336.9%, moving from $314K to $1.4M. Total assets increased by 290.1% over the same period, from $463K to $1.8M. Total functional expenses rose by 416.5%, from $278K to $1.4M. In its most recent filing year (2023), Hope Harbor reported a deficit of $60K, with expenses exceeding revenue. The organization holds $168K in liabilities against $1.8M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $1.8M | $168K | — | — |
| 2022 | $1.7M | $1.3M | $1.8M | $181K | — | View 990 |
| 2021 | $1.4M | $1.3M | $1.5M | $173K | — | View 990 |
| 2020 | $1.1M | $1.2M | $1.4M | $161K | — | View 990 |
| 2019 | $1.5M | $830K | $1.5M | $149K | — | View 990 |
| 2018 | $547K | $654K | $701K | $37K | — | View 990 |
| 2017 | $679K | $466K | $803K | $20K | — | View 990 |
| 2016 | $416K | $358K | $588K | $18K | — | View 990 |
| 2015 | $321K | $316K | $527K | $14K | — | View 990 |
| 2014 | $390K | $297K | $528K | $19K | — | View 990 |
| 2013 | $516K | $274K | $430K | $15K | — | View 990 |
| 2012 | $315K | $284K | $435K | $262K | — | View 990 |
| 2011 | $314K | $278K | $463K | $320K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $1.8M (revenue -18.5% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $1.8M (revenue +21.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $1.5M (revenue +27.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $1.4M (revenue -25.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $830K, and assets of $1.5M (revenue +168.1% year-over-year).
- 2018: Revenue of $547K, expenses of $654K, and assets of $701K (revenue -19.4% year-over-year).
- 2017: Revenue of $679K, expenses of $466K, and assets of $803K (revenue +63.5% year-over-year).
- 2016: Revenue of $416K, expenses of $358K, and assets of $588K (revenue +29.4% year-over-year).
- 2015: Revenue of $321K, expenses of $316K, and assets of $527K (revenue -17.7% year-over-year).
- 2014: Revenue of $390K, expenses of $297K, and assets of $528K (revenue -24.3% year-over-year).
- 2013: Revenue of $516K, expenses of $274K, and assets of $430K (revenue +63.9% year-over-year).
- 2012: Revenue of $315K, expenses of $284K, and assets of $435K (revenue +0.1% year-over-year).
- 2011: Revenue of $314K, expenses of $278K, and assets of $463K.
Data Sources and Methodology
This transparency report for Hope Harbor 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.