Hope Partnership Inc
Hope Partnership Inc. shows inconsistent financial performance with significant revenue volatility and recent operating deficits.
EIN: 201683627 · Madison, CT · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $744K |
| Total Expenses | $740K |
| Program Spending | 75% |
| Net Assets | $7.3M |
| Transparency Score | 65/100 |
Is Hope Partnership Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Partnership Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Partnership Inc
Hope Partnership Inc (EIN: 201683627) is a nonprofit organization based in Madison, CT, classified under NTEE code L21. The organization reported total revenue of $744K and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Partnership Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $565K |
| Total Expenses | $740K |
| Surplus / Deficit | $-174,780 |
| Total Assets | $8.9M |
| Total Liabilities | $1.6M |
| Net Assets | $7.3M |
| Operating Margin | -30.9% |
| Debt-to-Asset Ratio | 17.6% |
| Months of Reserves | 143.8 months |
Financial Health Grade: B
In 2023, Hope Partnership Inc reported a deficit of $175K with expenses exceeding revenue, holds 143.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | +3.0% | -9.6% |
| 2022 | -87.1% | +180.5% | +54.6% |
| 2021 | +745.9% | +197.0% | +139.2% |
| 2020 | +407.2% | -44.7% | +1068.0% |
| 2019 | -8.8% | +35.6% | -16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Partnership 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Hope Partnership Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $175K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.6%.
Executive Compensation Analysis
Hope Partnership Inc. consistently reports 0% officer compensation across all available filings, which is commendable for transparency and indicates that no salaries are paid to officers, or they are compensated through other means not reported as officer compensation.
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 Partnership Inc's IRS 990 filings:
- Inconsistent revenue streams with extreme volatility, notably the 2021 spike.
- Operating deficits in recent years (e.g., 2023 and 2022), where expenses exceeded revenue.
- Significant fluctuations in liabilities, peaking at $4.9 million in 2022, without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Hope Partnership Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency regarding executive pay.
- Substantial growth in assets from $227,158 in 2019 to $8,867,086 in 2023, providing a strong financial base.
- Long filing history (13 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Hope Partnership Inc
Is Hope Partnership Inc a legitimate charity?
Hope Partnership Inc (EIN: 201683627) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $744K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hope Partnership Inc spend its money?
Hope Partnership Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hope Partnership Inc tax-deductible?
Hope Partnership Inc is registered as a tax-exempt nonprofit (EIN: 201683627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope Partnership Inc's spending goes to programs?
Hope Partnership Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Partnership Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hope Partnership Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Partnership Inc located?
Hope Partnership Inc is headquartered in Madison, Connecticut and files with the IRS under EIN 201683627. It is classified under NTEE code L21.
How many years of IRS 990 filings does Hope Partnership Inc have?
Hope Partnership 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 $744K in total revenue.
What caused the massive revenue spike in 2021 ($4,716,601) and how sustainable is this funding source?
The IRS 990 filings show a dramatic increase in revenue in 2021. Understanding the source (e.g., a large one-time grant, asset sale, or specific fundraising event) is crucial to assess its impact on long-term financial health and program planning.
How does Hope Partnership Inc. cover its operating deficits, such as the $174,780 deficit in 2023 (Expenses $739,698 vs. Revenue $564,918)?
Consistent deficits, as seen in 2023 and 2022, suggest the organization is either drawing down reserves, relying on prior year surpluses, or has other unreported income streams. This trend needs to be monitored for long-term sustainability.
What is the nature of the significant liabilities reported, particularly the $4,897,128 in 2022?
The substantial fluctuation in liabilities, from $1,254,638 in 2021 to nearly $4.9 million in 2022, then down to $1.5 million in 2023, warrants investigation to understand if these are program-related, debt, or other obligations.
Filing History
IRS 990 filing history for Hope Partnership Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Partnership Inc's revenue has grown by 878.2%, moving from $58K to $565K. Total assets increased by 2741.7% over the same period, from $312K to $8.9M. Total functional expenses rose by 713.1%, from $91K to $740K. In its most recent filing year (2023), Hope Partnership Inc reported a deficit of $175K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $8.9M in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $565K | $740K | $8.9M | $1.6M | — | — |
| 2022 | $608K | $718K | $9.8M | $4.9M | — | View 990 |
| 2021 | $4.7M | $256K | $6.3M | $1.3M | — | View 990 |
| 2020 | $558K | $86K | $2.7M | $2.0M | — | View 990 |
| 2019 | $110K | $156K | $227K | $67K | — | View 990 |
| 2018 | $121K | $115K | $271K | $65K | — | View 990 |
| 2017 | $87K | $107K | $203K | $3K | — | View 990 |
| 2016 | $-19,389 | $99K | $225K | $4K | — | View 990 |
| 2015 | $92K | $106K | $423K | $180K | — | View 990 |
| 2014 | $86K | $115K | $335K | $181K | — | View 990 |
| 2013 | $156K | $90K | $414K | $180K | — | View 990 |
| 2012 | $169K | $118K | $349K | $182K | — | View 990 |
| 2011 | $58K | $91K | $312K | $196K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $565K, expenses of $740K, and assets of $8.9M (revenue -7.1% year-over-year).
- 2022: Revenue of $608K, expenses of $718K, and assets of $9.8M (revenue -87.1% year-over-year).
- 2021: Revenue of $4.7M, expenses of $256K, and assets of $6.3M (revenue +745.9% year-over-year).
- 2020: Revenue of $558K, expenses of $86K, and assets of $2.7M (revenue +407.2% year-over-year).
- 2019: Revenue of $110K, expenses of $156K, and assets of $227K (revenue -8.8% year-over-year).
- 2018: Revenue of $121K, expenses of $115K, and assets of $271K (revenue +39.4% year-over-year).
- 2017: Revenue of $87K, expenses of $107K, and assets of $203K.
- 2016: Revenue of $-19,389, expenses of $99K, and assets of $225K (revenue -121.0% year-over-year).
- 2015: Revenue of $92K, expenses of $106K, and assets of $423K (revenue +7.9% year-over-year).
- 2014: Revenue of $86K, expenses of $115K, and assets of $335K (revenue -45.1% year-over-year).
- 2013: Revenue of $156K, expenses of $90K, and assets of $414K (revenue -7.4% year-over-year).
- 2012: Revenue of $169K, expenses of $118K, and assets of $349K (revenue +191.9% year-over-year).
- 2011: Revenue of $58K, expenses of $91K, and assets of $312K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Partnership Inc:
Data Sources and Methodology
This transparency report for Hope Partnership 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.