Hope Harbor Foundation Inc
Hope Harbor Foundation Inc consistently operates at a deficit, drawing down assets despite no officer compensation.
EIN: 200505583 · Claremore, OK · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $254K |
| Total Expenses | $85K |
| Program Spending | 75% |
| Net Assets | $966K |
| Transparency Score | 65/100 |
Is Hope Harbor 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 Harbor Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Harbor Foundation Inc
Hope Harbor Foundation Inc (EIN: 200505583) is a nonprofit organization based in Claremore, OK, classified under NTEE code T11. The organization reported total revenue of $254K and total assets of $898K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Harbor Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Harbor 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 -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $85K |
| Surplus / Deficit | $-18,467 |
| Total Assets | $966K |
| Net Assets | $966K |
| Operating Margin | -27.6% |
| Months of Reserves | 135.8 months |
Financial Health Grade: B
In 2023, Hope Harbor Foundation Inc reported a deficit of $18K with expenses exceeding revenue, holds 135.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hope Harbor Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +120.7% | +80.5% | -1.9% |
| 2022 | -30.8% | -25.0% | -1.7% |
| 2021 | -40.2% | -36.2% | -1.9% |
| 2020 | -4.0% | -67.8% | -2.4% |
| 2019 | +26.9% | +100.9% | -18.1% |
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 Harbor 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Hope Harbor Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $18K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly commendable for an organization 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 Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most recent years, e.g., $85,393 expenses vs. $66,926 revenue in 2023).
- Declining asset base over time (from $1,389,832 in 2016 to $966,257 in 2023), suggesting reliance on reserves to cover deficits.
- Unexplained significant revenue spike in 2016 ($1,042,056) with unusually low expenses ($6,283) which is an outlier in its financial history.
Strengths
The following positive indicators were identified for Hope Harbor Foundation Inc:
- 0% officer compensation reported across all filings, indicating strong financial stewardship regarding executive pay.
- No reported liabilities across all available filings, suggesting a debt-free operation.
Frequently Asked Questions about Hope Harbor Foundation Inc
Is Hope Harbor Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Harbor Foundation Inc (EIN: 200505583) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Hope Harbor Foundation Inc spend its money?
Hope Harbor Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Harbor Foundation Inc tax-deductible?
Hope Harbor Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200505583). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope Harbor Foundation Inc's spending goes to programs?
Hope Harbor Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Harbor Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hope Harbor Foundation Inc is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Harbor Foundation Inc located?
Hope Harbor Foundation Inc is headquartered in Claremore, Oklahoma and files with the IRS under EIN 200505583. It is classified under NTEE code T11.
How many years of IRS 990 filings does Hope Harbor Foundation Inc have?
Hope Harbor 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 $254K in total revenue.
Is Hope Harbor Foundation Inc financially sustainable?
The organization's consistent operational deficits, where expenses frequently exceed revenue (e.g., $85,393 expenses vs. $66,926 revenue in 2023), and declining asset base (from $1,389,832 in 2016 to $966,257 in 2023) raise concerns about its long-term financial sustainability if current trends persist.
What caused the significant revenue spike in 2016?
In 2016, Hope Harbor Foundation Inc reported an unusually high revenue of $1,042,056 compared to typical revenues, while expenses were remarkably low at $6,283. The nature of this revenue (e.g., a large one-time donation, asset sale) is not detailed in the provided data and would require further investigation of the full 990 filing.
How does Hope Harbor Foundation Inc cover its operational deficits?
Given the consistent pattern of expenses exceeding revenue in most recent years, the organization appears to be covering its operational deficits by drawing down its existing assets, which have decreased from over $1 million in prior years to $966,257 in 2023.
Filing History
IRS 990 filing history for Hope Harbor Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Harbor Foundation Inc's revenue has declined by 12.9%, moving from $77K to $67K. Total assets increased by 46.6% over the same period, from $659K to $966K. Total functional expenses fell by 70.2%, from $287K to $85K. In its most recent filing year (2023), Hope Harbor Foundation Inc reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $85K | $966K | $0 | — | — |
| 2022 | $30K | $47K | $985K | $0 | — | — |
| 2021 | $44K | $63K | $1.0M | $0 | — | — |
| 2020 | $73K | $99K | $1.0M | $0 | — | — |
| 2019 | $76K | $307K | $1.0M | $0 | — | View 990 |
| 2018 | $60K | $153K | $1.3M | $0 | — | View 990 |
| 2017 | $43K | $63K | $1.4M | $0 | — | View 990 |
| 2016 | $1.0M | $6K | $1.4M | $0 | — | View 990 |
| 2015 | $4K | $10K | $354K | $0 | — | View 990 |
| 2014 | $20K | $3K | $360K | $0 | — | View 990 |
| 2013 | $49K | $115K | $343K | $0 | — | View 990 |
| 2012 | $44K | $300K | $408K | $0 | — | View 990 |
| 2011 | $77K | $287K | $659K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $85K, and assets of $966K (revenue +120.7% year-over-year).
- 2022: Revenue of $30K, expenses of $47K, and assets of $985K (revenue -30.8% year-over-year).
- 2021: Revenue of $44K, expenses of $63K, and assets of $1.0M (revenue -40.2% year-over-year).
- 2020: Revenue of $73K, expenses of $99K, and assets of $1.0M (revenue -4.0% year-over-year).
- 2019: Revenue of $76K, expenses of $307K, and assets of $1.0M (revenue +26.9% year-over-year).
- 2018: Revenue of $60K, expenses of $153K, and assets of $1.3M (revenue +38.9% year-over-year).
- 2017: Revenue of $43K, expenses of $63K, and assets of $1.4M (revenue -95.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $6K, and assets of $1.4M (revenue +29286.8% year-over-year).
- 2015: Revenue of $4K, expenses of $10K, and assets of $354K (revenue -82.4% year-over-year).
- 2014: Revenue of $20K, expenses of $3K, and assets of $360K (revenue -59.3% year-over-year).
- 2013: Revenue of $49K, expenses of $115K, and assets of $343K (revenue +12.9% year-over-year).
- 2012: Revenue of $44K, expenses of $300K, and assets of $408K (revenue -43.1% year-over-year).
- 2011: Revenue of $77K, expenses of $287K, and assets of $659K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Harbor Foundation Inc:
Data Sources and Methodology
This transparency report for Hope Harbor 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.