Hope Ignites New Orleans
EIN: 720905785 · New Orleans, LA
| Metric | Value |
|---|---|
| Total Revenue | $741K |
| Total Expenses | $980K |
| Net Assets | $2.4M |
Is Hope Ignites New Orleans Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Ignites New Orleans
Hope Ignites New Orleans (EIN: 720905785) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $741K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Ignites New Orleans's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Ignites New Orleans is a small nonprofit that has been operating for 47 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $874K |
| Total Expenses | $980K |
| Surplus / Deficit | $-105,467 |
| Total Assets | $2.4M |
| Total Liabilities | $49K |
| Net Assets | $2.4M |
| Operating Margin | -12.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 29.9 months |
Financial Health Grade: B
In 2023, Hope Ignites New Orleans reported a deficit of $105K with expenses exceeding revenue, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Hope Ignites New Orleans's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +12.4% | -0.8% |
| 2022 | +13.4% | -3.8% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Ignites New Orleans 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 Ignites New Orleans 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 deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Hope Ignites New Orleans
Is Hope Ignites New Orleans a legitimate charity?
Hope Ignites New Orleans (EIN: 720905785) is a registered tax-exempt nonprofit based in Louisiana. It has 3 years of IRS 990 filings on record. Total revenue: $741K. No red flags identified. Financial health grade: B.
How does Hope Ignites New Orleans spend its money?
Hope Ignites New Orleans reported $741K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hope Ignites New Orleans tax-deductible?
Hope Ignites New Orleans is registered as a tax-exempt nonprofit (EIN: 720905785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Ignites New Orleans located?
Hope Ignites New Orleans is headquartered in New Orleans, Louisiana and files with the IRS under EIN 720905785.
How many years of IRS 990 filings does Hope Ignites New Orleans have?
Hope Ignites New Orleans has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $741K in total revenue.
Filing History
IRS 990 filing history for Hope Ignites New Orleans showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Hope Ignites New Orleans's revenue has grown by 12.2%, moving from $779K to $874K. Total assets decreased by 10.9% over the same period, from $2.7M to $2.4M. Total functional expenses rose by 8.2%, from $906K to $980K. In its most recent filing year (2023), Hope Ignites New Orleans reported a deficit of $105K, with expenses exceeding revenue. The organization holds $49K in liabilities against $2.4M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $874K | $980K | $2.4M | $49K | — | View 990 |
| 2022 | $883K | $871K | $2.5M | $50K | — | View 990 |
| 2021 | $779K | $906K | $2.7M | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $874K, expenses of $980K, and assets of $2.4M (revenue -1.0% year-over-year).
- 2022: Revenue of $883K, expenses of $871K, and assets of $2.5M (revenue +13.4% year-over-year).
- 2021: Revenue of $779K, expenses of $906K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Ignites New Orleans:
Data Sources and Methodology
This transparency report for Hope Ignites New Orleans 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.