Hope House Foundation Inc
Hope House Foundation Inc shows consistent revenue and asset growth with zero officer compensation reported.
EIN: 200923763 · Huntersville, NC · NTEE: L40 · Updated: 2026-03-28
Is Hope House 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 House Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope House Foundation Inc
Hope House Foundation Inc (EIN: 200923763) is a nonprofit organization based in Huntersville, NC, classified under NTEE code L40. The organization reported total revenue of $1.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope House Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope House Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $908K |
| Total Expenses | $437K |
| Surplus / Deficit | +$471K |
| Total Assets | $2.5M |
| Total Liabilities | $12K |
| Net Assets | $2.5M |
| Operating Margin | 51.9% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 68.1 months |
Financial Health Grade: A
In 2023, Hope House Foundation Inc reported a surplus of $471K with revenue exceeding expenses, holds 68.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope House Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.9% | +47.5% | +23.3% |
| 2022 | -14.8% | +11.1% | +28.8% |
| 2021 | +29.1% | -19.0% | +91.3% |
| 2020 | +94.6% | +80.0% | +68.3% |
| 2019 | +84.6% | +18.8% | +62.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 House Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hope House Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $471K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Hope House Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or compensation is reported differently.
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 House Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation may warrant further investigation to understand how leadership is compensated or if it's entirely volunteer-run, which is uncommon for an organization of this scale.
Strengths
The following positive indicators were identified for Hope House Foundation Inc:
- Strong and consistent revenue growth, from $121,992 in 2014 to $908,065 in 2023.
- Significant asset accumulation, growing from $293,363 in 2014 to $2,478,009 in 2023.
- Highly efficient spending, with expenses consistently well below revenue, allowing for substantial reinvestment.
- Zero reported officer compensation across all filings, indicating a strong commitment to program funding.
- Positive net income in most recent years, contributing to financial stability and growth.
Frequently Asked Questions about Hope House Foundation Inc
Is Hope House Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope House Foundation Inc (EIN: 200923763) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Hope House Foundation Inc spend its money?
Hope House Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope House Foundation Inc tax-deductible?
Hope House Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200923763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hope House Foundation Inc a good charity?
Based on the provided data, Hope House Foundation Inc appears to be a very good charity. It demonstrates strong financial growth, efficient spending with expenses significantly lower than revenue, and a clear commitment to its mission as evidenced by 0% officer compensation and substantial asset accumulation.
How has Hope House Foundation Inc's financial health changed over time?
Hope House Foundation Inc has shown remarkable financial growth. Revenue increased from $121,992 in 2014 to $908,065 in 2023, and assets grew from $293,363 to $2,478,009 in the same period, indicating a strong and improving financial position.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is a strong indicator of resource dedication to programs.
Filing History
IRS 990 filing history for Hope House Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope House Foundation Inc's revenue has grown by 365.5%, moving from $195K to $908K. Total assets increased by 629.4% over the same period, from $340K to $2.5M. Total functional expenses rose by 218.2%, from $137K to $437K. In its most recent filing year (2023), Hope House Foundation Inc reported a surplus of $471K, with revenue exceeding expenses. The organization holds $12K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $908K | $437K | $2.5M | $12K | — | View 990 |
| 2022 | $745K | $296K | $2.0M | $6K | — | — |
| 2021 | $874K | $266K | $1.6M | $6K | — | View 990 |
| 2020 | $677K | $329K | $816K | $6K | — | — |
| 2019 | $348K | $183K | $485K | $23K | — | View 990 |
| 2018 | $188K | $154K | $299K | $3K | — | View 990 |
| 2017 | $128K | $147K | $264K | $2K | — | View 990 |
| 2016 | $190K | $152K | $283K | $2K | — | View 990 |
| 2015 | $96K | $143K | $244K | $2K | — | View 990 |
| 2014 | $122K | $148K | $293K | $5K | — | View 990 |
| 2013 | $130K | $150K | $316K | $1K | — | View 990 |
| 2012 | $129K | $134K | $335K | $545 | — | View 990 |
| 2011 | $195K | $137K | $340K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $908K, expenses of $437K, and assets of $2.5M (revenue +21.9% year-over-year).
- 2022: Revenue of $745K, expenses of $296K, and assets of $2.0M (revenue -14.8% year-over-year).
- 2021: Revenue of $874K, expenses of $266K, and assets of $1.6M (revenue +29.1% year-over-year).
- 2020: Revenue of $677K, expenses of $329K, and assets of $816K (revenue +94.6% year-over-year).
- 2019: Revenue of $348K, expenses of $183K, and assets of $485K (revenue +84.6% year-over-year).
- 2018: Revenue of $188K, expenses of $154K, and assets of $299K (revenue +47.1% year-over-year).
- 2017: Revenue of $128K, expenses of $147K, and assets of $264K (revenue -32.7% year-over-year).
- 2016: Revenue of $190K, expenses of $152K, and assets of $283K (revenue +97.7% year-over-year).
- 2015: Revenue of $96K, expenses of $143K, and assets of $244K (revenue -21.0% year-over-year).
- 2014: Revenue of $122K, expenses of $148K, and assets of $293K (revenue -5.9% year-over-year).
- 2013: Revenue of $130K, expenses of $150K, and assets of $316K (revenue +0.7% year-over-year).
- 2012: Revenue of $129K, expenses of $134K, and assets of $335K (revenue -34.0% year-over-year).
- 2011: Revenue of $195K, expenses of $137K, and assets of $340K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope House Foundation Inc:
Data Sources and Methodology
This transparency report for Hope House 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.