Hope House For Our Families Inc
Hope House For Our Families Inc reports significant revenue surplus and no officer compensation in latest filing.
EIN: 205507413 · Jackson, NJ · NTEE: L80 · Updated: 2026-03-28
Is Hope House For Our Families Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope House For Our Families Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope House For Our Families Inc
Hope House For Our Families Inc (EIN: 205507413) is a nonprofit organization based in Jackson, NJ, classified under NTEE code L80. The organization reported total revenue of $789K and total assets of $965K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope House For Our Families Inc'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 House For Our Families Inc 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 House For Our Families Inc 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
The organization reported 0% officer compensation, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which allows more funds to be directed to programs.
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.
Strengths
The following positive indicators were identified for Hope House For Our Families Inc:
- Significant revenue surplus ($630,107 revenue vs. $178,955 expenses) indicating strong financial health.
- No reported officer compensation, suggesting high efficiency in directing funds to programs.
- Healthy asset growth to $504,049, building organizational capacity.
- Low liabilities ($166) relative to assets, indicating strong financial stability.
Frequently Asked Questions about Hope House For Our Families Inc
Is Hope House For Our Families Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope House For Our Families Inc (EIN: 205507413) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Hope House For Our Families Inc spend its money?
Hope House For Our Families Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope House For Our Families Inc tax-deductible?
Hope House For Our Families Inc is registered as a tax-exempt nonprofit (EIN: 205507413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hope House For Our Families Inc a good charity?
Based on the available data, Hope House For Our Families Inc appears to be a financially healthy and efficient charity, with revenues significantly exceeding expenses and no reported officer compensation, indicating strong resource allocation towards its mission.
What is the primary use of the organization's significant revenue surplus?
The filings indicate a substantial surplus of revenue over expenses, leading to asset growth. While the specific allocation isn't detailed, this surplus likely contributes to building organizational capacity, future program expansion, or reserves.
Filing History
IRS 990 filing history for Hope House For Our Families Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Hope House For Our Families Inc reported a surplus of $451K, with revenue exceeding expenses. The organization holds $166 in liabilities against $504K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $504K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $630K | $179K | $504K | $166 | — | — |
Data Sources and Methodology
This transparency report for Hope House For Our Families 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.