Hope In Northern Virginia Inc
EIN: 237189096 · Falls Church, VA · NTEE: E40Z
| Metric | Value |
|---|---|
| Total Revenue | $432K |
| Total Expenses | $527K |
| Net Assets | $910K |
Is Hope In Northern Virginia Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope In Northern Virginia Inc
Hope In Northern Virginia Inc (EIN: 237189096) is a nonprofit organization based in Falls Church, VA, classified under NTEE code E40Z. The organization reported total revenue of $432K and total assets of $776K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope In Northern Virginia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope In Northern Virginia Inc is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $574K |
| Total Expenses | $527K |
| Surplus / Deficit | +$47K |
| Total Assets | $923K |
| Total Liabilities | $12K |
| Net Assets | $910K |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 21.0 months |
Financial Health Grade: A
In 2023, Hope In Northern Virginia Inc reported a surplus of $47K with revenue exceeding expenses, holds 21.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope In Northern Virginia Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.5% | +25.1% | +6.7% |
| 2022 | -8.2% | -1.5% | -13.7% |
| 2021 | -54.7% | +78.2% | -1.0% |
| 2020 | +665.9% | +104.8% | +240.6% |
| 2019 | +16.4% | +11.3% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope In Northern Virginia Inc 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 In Northern Virginia Inc 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 surplus of $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about Hope In Northern Virginia Inc
Is Hope In Northern Virginia Inc a legitimate charity?
Hope In Northern Virginia Inc (EIN: 237189096) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $432K. No red flags identified. Financial health grade: A.
How does Hope In Northern Virginia Inc spend its money?
Hope In Northern Virginia Inc reported $432K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hope In Northern Virginia Inc tax-deductible?
Hope In Northern Virginia Inc is registered as a tax-exempt nonprofit (EIN: 237189096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope In Northern Virginia Inc located?
Hope In Northern Virginia Inc is headquartered in Falls Church, Virginia and files with the IRS under EIN 237189096. It is classified under NTEE code E40Z.
How many years of IRS 990 filings does Hope In Northern Virginia Inc have?
Hope In Northern Virginia 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 $432K in total revenue.
Filing History
IRS 990 filing history for Hope In Northern Virginia Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope In Northern Virginia Inc's revenue has grown by 694.4%, moving from $72K to $574K. Total assets increased by 398% over the same period, from $185K to $923K. Total functional expenses rose by 547.8%, from $81K to $527K. In its most recent filing year (2023), Hope In Northern Virginia Inc reported a surplus of $47K, with revenue exceeding expenses. The organization holds $12K in liabilities against $923K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $910K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $574K | $527K | $923K | $12K | — | — |
| 2022 | $406K | $421K | $865K | $1K | — | View 990 |
| 2021 | $442K | $428K | $1.0M | $6K | — | View 990 |
| 2020 | $975K | $240K | $1.0M | $5K | — | View 990 |
| 2019 | $127K | $117K | $297K | $0 | — | View 990 |
| 2018 | $109K | $105K | $277K | $0 | — | View 990 |
| 2017 | $105K | $91K | $272K | $0 | — | View 990 |
| 2016 | $106K | $77K | $258K | $0 | — | View 990 |
| 2015 | $105K | $68K | $229K | $0 | — | View 990 |
| 2014 | $76K | $77K | $20K | $0 | — | View 990 |
| 2013 | $93K | $70K | $193K | $0 | — | View 990 |
| 2012 | $54K | $69K | $170K | $0 | — | View 990 |
| 2011 | $72K | $81K | $185K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $574K, expenses of $527K, and assets of $923K (revenue +41.5% year-over-year).
- 2022: Revenue of $406K, expenses of $421K, and assets of $865K (revenue -8.2% year-over-year).
- 2021: Revenue of $442K, expenses of $428K, and assets of $1.0M (revenue -54.7% year-over-year).
- 2020: Revenue of $975K, expenses of $240K, and assets of $1.0M (revenue +665.9% year-over-year).
- 2019: Revenue of $127K, expenses of $117K, and assets of $297K (revenue +16.4% year-over-year).
- 2018: Revenue of $109K, expenses of $105K, and assets of $277K (revenue +3.9% year-over-year).
- 2017: Revenue of $105K, expenses of $91K, and assets of $272K (revenue -0.7% year-over-year).
- 2016: Revenue of $106K, expenses of $77K, and assets of $258K (revenue +0.9% year-over-year).
- 2015: Revenue of $105K, expenses of $68K, and assets of $229K (revenue +37.8% year-over-year).
- 2014: Revenue of $76K, expenses of $77K, and assets of $20K (revenue -17.7% year-over-year).
- 2013: Revenue of $93K, expenses of $70K, and assets of $193K (revenue +73.1% year-over-year).
- 2012: Revenue of $54K, expenses of $69K, and assets of $170K (revenue -25.9% year-over-year).
- 2011: Revenue of $72K, expenses of $81K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope In Northern Virginia Inc:
Data Sources and Methodology
This transparency report for Hope In Northern Virginia 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.