Hope Loves Company Inc
Hope Loves Company Inc. shows consistent revenue growth and no reported officer compensation over nine years.
EIN: 208418402 · Pennington, NJ · NTEE: P58 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $618K |
| Total Expenses | $483K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $617,643. |
| Net Assets | $386K |
| Transparency Score | 90/100 |
Is Hope Loves Company Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Loves Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Loves Company Inc
Hope Loves Company Inc (EIN: 208418402) is a nonprofit organization based in Pennington, NJ, classified under NTEE code P58. The organization reported total revenue of $618K and total assets of $516K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Loves Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Loves Company Inc is a small nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 32.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $480K |
| Total Expenses | $483K |
| Surplus / Deficit | $-3,543 |
| Total Assets | $412K |
| Total Liabilities | $27K |
| Net Assets | $386K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2023, Hope Loves Company Inc reported a deficit of $4K with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Hope Loves Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.7% | +27.5% | -3.5% |
| 2022 | +31.4% | +50.0% | +1.7% |
| 2021 | -7.4% | -2.4% | -0.1% |
| 2020 | -18.5% | -5.9% | +24.4% |
| 2019 | +16.9% | +39.1% | +41.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Loves Company 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 Loves Company 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Hope Loves Company Inc. consistently reports 0% officer compensation across all nine years of its IRS 990 filings, indicating that its leadership is either entirely volunteer or compensated through non-officer categories, which is highly favorable for an organization of its size with latest revenue of $617,643.
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 Loves Company Inc:
- Consistent revenue growth, from $50,775 in 2015 to $479,920 in 2023, demonstrating increasing support.
- No reported officer compensation across all nine filings, indicating a high dedication to mission and efficient use of funds.
- Healthy asset base, growing from $23,913 in 2015 to $515,708, providing financial stability.
- Assets consistently exceed liabilities, showing strong financial management (e.g., $412,398 assets vs. $26,748 liabilities in 2023).
- Long history of public IRS 990 filings (9 filings), indicating strong transparency.
Frequently Asked Questions about Hope Loves Company Inc
Is Hope Loves Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Loves Company Inc (EIN: 208418402) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Hope Loves Company Inc spend its money?
Hope Loves Company Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Loves Company Inc tax-deductible?
Hope Loves Company Inc is registered as a tax-exempt nonprofit (EIN: 208418402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hope Loves Company Inc CEO make?
Hope Loves Company Inc's highest-compensated officer earns $617,643. annually. The organization reported $618K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hope Loves Company Inc's spending goes to programs?
Hope Loves Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Loves Company Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hope Loves Company Inc is above average for NTEE category P58 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Loves Company Inc located?
Hope Loves Company Inc is headquartered in Pennington, New Jersey and files with the IRS under EIN 208418402. It is classified under NTEE code P58.
How many years of IRS 990 filings does Hope Loves Company Inc have?
Hope Loves Company Inc has 9 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 $618K in total revenue.
Is Hope Loves Company Inc. a good charity?
Based on its financial data, Hope Loves Company Inc. appears to be a good charity. It demonstrates consistent revenue growth, maintains a healthy asset base, and reports 0% officer compensation across all filings, suggesting a strong commitment to its mission and efficient use of funds.
How has Hope Loves Company Inc.'s revenue changed over time?
Hope Loves Company Inc.'s revenue has shown a positive trend, growing from $50,775 in 2015 to $479,920 in 2023, with the latest reported revenue at $617,643, indicating increasing donor support.
What is the organization's financial stability?
The organization appears financially stable, with assets consistently exceeding liabilities. In 2023, assets were $412,398 against liabilities of $26,748, and overall assets have grown from $23,913 in 2015 to $515,708 currently.
Filing History
IRS 990 filing history for Hope Loves Company Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Hope Loves Company Inc's revenue has grown by 845.2%, moving from $51K to $480K. Total assets increased by 1624.6% over the same period, from $24K to $412K. Total functional expenses rose by 921.8%, from $47K to $483K. In its most recent filing year (2023), Hope Loves Company Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $27K in liabilities against $412K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $386K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $480K | $483K | $412K | $27K | — | — |
| 2022 | $367K | $379K | $427K | $51K | — | View 990 |
| 2021 | $280K | $253K | $420K | $15K | — | View 990 |
| 2020 | $302K | $259K | $421K | $48K | — | View 990 |
| 2019 | $370K | $275K | $338K | $8K | — | View 990 |
| 2018 | $317K | $198K | $240K | $5K | — | View 990 |
| 2017 | $247K | $257K | $122K | $7K | — | View 990 |
| 2016 | $230K | $126K | $133K | $7K | — | View 990 |
| 2015 | $51K | $47K | $24K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $480K, expenses of $483K, and assets of $412K (revenue +30.7% year-over-year).
- 2022: Revenue of $367K, expenses of $379K, and assets of $427K (revenue +31.4% year-over-year).
- 2021: Revenue of $280K, expenses of $253K, and assets of $420K (revenue -7.4% year-over-year).
- 2020: Revenue of $302K, expenses of $259K, and assets of $421K (revenue -18.5% year-over-year).
- 2019: Revenue of $370K, expenses of $275K, and assets of $338K (revenue +16.9% year-over-year).
- 2018: Revenue of $317K, expenses of $198K, and assets of $240K (revenue +28.4% year-over-year).
- 2017: Revenue of $247K, expenses of $257K, and assets of $122K (revenue +7.4% year-over-year).
- 2016: Revenue of $230K, expenses of $126K, and assets of $133K (revenue +352.5% year-over-year).
- 2015: Revenue of $51K, expenses of $47K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Loves Company Inc:
Data Sources and Methodology
This transparency report for Hope Loves Company 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.