Hope Of The World Inc
Hope Of The World Inc: Strong Financials, Moderate Mission Focus
EIN: 223016563 · Lodi, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $2.7M |
| Program Spending | 60% |
| Net Assets | $17.2M |
| Transparency Score | 65/100 |
Is Hope Of The World Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Of The World Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Hope Of The World Inc
Hope Of The World Inc (EIN: 223016563) is a nonprofit organization based in Lodi, NJ. The organization reported total revenue of $6.9M and total assets of $16.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Of The World Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Of The World Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$3.1M |
| Total Assets | $18.5M |
| Total Liabilities | $1.3M |
| Net Assets | $17.2M |
| Operating Margin | 52.9% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 80.7 months |
Financial Health Grade: A
In 2023, Hope Of The World Inc reported a surplus of $3.1M with revenue exceeding expenses, holds 80.7 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope Of The World Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.2% | -2.5% | +31.2% |
| 2022 | -13.6% | +2.1% | +15.6% |
| 2021 | +13.2% | -36.9% | +29.1% |
| 2020 | +39.5% | +54.1% | — |
| 2019 | +11.5% | +49.5% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1991 |
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 Of The World Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 60%
- fundraising: 20%
According to IRS 990 filings, Hope Of The World Inc allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary.
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 Of The World Inc's IRS 990 filings:
- Lack of detailed program information makes it difficult to assess direct impact.
- Absence of specific executive compensation figures prevents a thorough evaluation of leadership costs.
Strengths
The following positive indicators were identified for Hope Of The World Inc:
- Consistent revenue growth from $2.69M in 2016 to $6.91M in 2023.
- Significant asset growth from $1 in 2016 to $16.52M in 2023, indicating strong financial health.
- Low liability figures across all years, suggesting good financial management.
Frequently Asked Questions about Hope Of The World Inc
Is Hope Of The World Inc a legitimate charity?
Hope Of The World Inc (EIN: 223016563) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Hope Of The World Inc spend its money?
Hope Of The World Inc directs 60% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Hope Of The World Inc tax-deductible?
Hope Of The World Inc is registered as a tax-exempt nonprofit (EIN: 223016563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope Of The World Inc's spending goes to programs?
Hope Of The World Inc directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Hope Of The World Inc located?
Hope Of The World Inc is headquartered in Lodi, New Jersey and files with the IRS under EIN 223016563.
How many years of IRS 990 filings does Hope Of The World Inc have?
Hope Of The World 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 $6.9M in total revenue.
What does Hope Of The World Inc do?
Hope Of The World Inc is a nonprofit organization in the Unknown sector, located in Lodi, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hope Of The World Inc have?
Hope Of The World Inc reported total revenue of $6,918,423. Based on 13 IRS 990 filings on record.
What are Hope Of The World Inc's total assets?
Hope Of The World Inc holds total assets of $16,521,731 as reported in IRS 990 filings.
Where is Hope Of The World Inc located?
Hope Of The World Inc is based in Lodi, New Jersey.
What is Hope Of The World Inc's EIN?
Hope Of The World Inc's Employer Identification Number (EIN) is 223016563. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hope Of The World Inc?
Hope Of The World Inc is classified under NTEE code Unknown (Unknown).
Is Hope Of The World Inc a registered 501(c)(3)?
Hope Of The World Inc appears in IRS records (EIN: 223016563). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hope Of The World Inc file IRS Form 990?
Yes, Hope Of The World Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Hope Of The World Inc's revenue in 2023?
In the 202312 filing period, Hope Of The World Inc reported total revenue of $5,832,948, total expenses of $2,747,942, and net assets of $18,488,105.
Is Hope Of The World Inc's revenue growing or declining?
Hope Of The World Inc's revenue is growing. Revenue went from $4,734,634 (202212) to $5,832,948 (202312), a +23.2% change. Based on 13 filings on record.
What is Hope Of The World Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hope Of The World Inc covers tax period 202312. It shows revenue of $5,832,948, expenses of $2,747,942, total assets of $18,488,105, and liabilities of $1,325,323.
How much does Hope Of The World Inc spend on programs vs administration?
Based on IRS 990 analysis, Hope Of The World Inc allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Hope Of The World Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hope Of The World Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Hope Of The World Inc?
The following concerns were identified: Lack of detailed program information makes it difficult to assess direct impact.. Absence of specific executive compensation figures prevents a thorough evaluation of leadership costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hope Of The World Inc's strengths?
Positive indicators for Hope Of The World Inc include: Consistent revenue growth from $2.69M in 2016 to $6.91M in 2023.. Significant asset growth from $1 in 2016 to $16.52M in 2023, indicating strong financial health.. Low liability figures across all years, suggesting good financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Hope Of The World Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Hope Of The World Inc?
- The organization's financial filings are publicly available, showing consistent revenue and asset growth. - No specific program details or impact reports are readily available within the provided data. - The compensation of key personnel is not detailed in the provided financial summary. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What specific programs does Hope Of The World Inc fund, and what are their measurable outcomes?
The provided data does not detail specific programs or their outcomes, making it challenging to understand the direct impact of the organization's activities.
How does Hope Of The World Inc manage its administrative and fundraising costs relative to its program expenditures?
Based on the general financial data, without specific breakdowns, it's estimated that administrative and fundraising costs are moderate, allowing a significant portion of funds to be allocated to programs, though exact percentages are not provided.
Filing History
IRS 990 filing history for Hope Of The World Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Of The World Inc's revenue has grown by 827.2%, moving from $629K to $5.8M. Total assets increased by 399% over the same period, from $3.7M to $18.5M. Total functional expenses rose by 516.5%, from $446K to $2.7M. In its most recent filing year (2023), Hope Of The World Inc reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $18.5M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $17.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $2.7M | $18.5M | $1.3M | — | — |
| 2022 | $4.7M | $2.8M | $14.1M | $10K | — | View 990 |
| 2021 | $5.5M | $2.8M | $12.2M | $22K | — | View 990 |
| 2020 | $4.8M | $4.4M | $9.4M | $6K | — | View 990 |
| 2019 | $3.5M | $2.8M | $0 | $0 | — | View 990 |
| 2018 | $3.1M | $1.9M | $8.3M | $4K | — | View 990 |
| 2017 | $2.9M | $2.5M | $7.1M | $18K | — | View 990 |
| 2016 | $2.7M | $1.4M | $1 | $0 | — | View 990 |
| 2015 | $2.6M | $2.8M | $5.4M | $2K | — | View 990 |
| 2014 | $1.9M | $866K | $5.6M | $3K | — | View 990 |
| 2013 | $1.4M | $875K | $4.6M | $4K | — | View 990 |
| 2012 | $1.2M | $785K | $4.1M | $2K | — | — |
| 2011 | $629K | $446K | $3.7M | $103 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $2.7M, and assets of $18.5M (revenue +23.2% year-over-year).
- 2022: Revenue of $4.7M, expenses of $2.8M, and assets of $14.1M (revenue -13.6% year-over-year).
- 2021: Revenue of $5.5M, expenses of $2.8M, and assets of $12.2M (revenue +13.2% year-over-year).
- 2020: Revenue of $4.8M, expenses of $4.4M, and assets of $9.4M (revenue +39.5% year-over-year).
- 2019: Revenue of $3.5M, expenses of $2.8M, and assets of $0 (revenue +11.5% year-over-year).
- 2018: Revenue of $3.1M, expenses of $1.9M, and assets of $8.3M (revenue +7.6% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.5M, and assets of $7.1M (revenue +7.5% year-over-year).
- 2016: Revenue of $2.7M, expenses of $1.4M, and assets of $1 (revenue +4.7% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.8M, and assets of $5.4M (revenue +37.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $866K, and assets of $5.6M (revenue +31.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $875K, and assets of $4.6M (revenue +23.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $785K, and assets of $4.1M (revenue +82.9% year-over-year).
- 2011: Revenue of $629K, expenses of $446K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Of The World Inc:
Data Sources and Methodology
This transparency report for Hope Of The World 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.