Hope Program Inc
Hope Program Inc shows strong revenue growth but recent years indicate expenses exceeding revenue, with no reported officer compensation.
EIN: 133268539 · Brooklyn, NY · NTEE: J220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $9.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $4.9M |
| Transparency Score | 85/100 |
Is Hope Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Program Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Program Inc
Hope Program Inc (EIN: 133268539) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code J220. The organization reported total revenue of $8.7M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Program Inc is a mid-size nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.6M |
| Total Expenses | $9.0M |
| Surplus / Deficit | $-409,963 |
| Total Assets | $7.1M |
| Total Liabilities | $2.2M |
| Net Assets | $4.9M |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 31.3% |
| Months of Reserves | 9.5 months |
Financial Health Grade: B
In 2023, Hope Program Inc reported a deficit of $410K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 31.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Hope Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | +7.6% | +17.2% |
| 2022 | +14.1% | +32.6% | +1.9% |
| 2021 | +53.2% | +59.4% | -0.1% |
| 2020 | +31.4% | +16.6% | +29.6% |
| 2019 | +0.6% | +9.5% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Program Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hope Program Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $410K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.3%.
Executive Compensation Analysis
Hope Program Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with revenues exceeding $8 million and suggests a strong dedication to directing funds towards its mission rather than executive salaries.
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 Program Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal year (2023) by approximately $410,000, and also in 2022 and 2015, indicating a potential trend of deficit spending.
- Significant increase in liabilities from $824,022 in 2022 to $2,235,602 in 2023, which needs further explanation to understand its impact on financial stability.
Strengths
The following positive indicators were identified for Hope Program Inc:
- Consistent and substantial revenue growth over the past decade, from $2.2 million in 2014 to $8.5 million in 2023, indicating strong fundraising and program expansion.
- Zero reported officer compensation across all available filings, suggesting a high dedication to mission and efficient use of funds.
- Healthy asset growth, from $3.2 million in 2014 to $7.1 million in 2023, providing a solid financial foundation.
- Consistent filing of IRS Form 990s over 12 periods, demonstrating a commitment to transparency and compliance.
Frequently Asked Questions about Hope Program Inc
Is Hope Program Inc a legitimate charity?
Hope Program Inc (EIN: 133268539) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $8.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hope Program Inc spend its money?
Hope Program Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hope Program Inc tax-deductible?
Hope Program Inc is registered as a tax-exempt nonprofit (EIN: 133268539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hope Program Inc CEO make?
Hope Program Inc's highest-compensated officer earns $8 annually. The organization reported $8.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hope Program Inc's spending goes to programs?
Hope Program Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Program Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope Program Inc is above average for NTEE category J220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Program Inc located?
Hope Program Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133268539. It is classified under NTEE code J220.
How many years of IRS 990 filings does Hope Program Inc have?
Hope Program Inc has 12 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 $8.7M in total revenue.
Is Hope Program Inc financially sustainable given recent expense overruns?
While Hope Program Inc has shown strong revenue growth, expenses exceeded revenue in 2023 ($8,990,834 vs. $8,580,871) and 2022 ($8,352,247 vs. $8,282,136). This trend, if continued, could impact long-term financial sustainability and warrants close monitoring of budgeting and fundraising efforts.
What caused the significant increase in liabilities in 2023?
Liabilities increased from $824,022 in 2022 to $2,235,602 in 2023. Understanding the nature of this increase (e.g., new debt, deferred revenue, program-related obligations) is crucial for assessing the organization's financial health and risk profile.
How does Hope Program Inc manage without paid officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests either a volunteer-led executive team, compensation being reported under other categories, or a unique operational model that merits further inquiry to understand its sustainability and governance structure.
Filing History
IRS 990 filing history for Hope Program Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Hope Program Inc's revenue has grown by 377%, moving from $1.8M to $8.6M. Total assets increased by 146.2% over the same period, from $2.9M to $7.1M. Total functional expenses rose by 297.5%, from $2.3M to $9.0M. In its most recent filing year (2023), Hope Program Inc reported a deficit of $410K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $7.1M in assets (debt-to-asset ratio: 31.3%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.6M | $9.0M | $7.1M | $2.2M | — | — |
| 2022 | $8.3M | $8.4M | $6.1M | $824K | — | View 990 |
| 2021 | $7.3M | $6.3M | $6.0M | $373K | — | View 990 |
| 2020 | $4.7M | $4.0M | $6.0M | $1.0M | — | View 990 |
| 2019 | $3.6M | $3.4M | $4.6M | $386K | — | View 990 |
| 2018 | $3.6M | $3.1M | $4.2M | $209K | — | View 990 |
| 2017 | $3.0M | $2.6M | $3.6M | $111K | — | View 990 |
| 2016 | $2.8M | $2.6M | $3.3M | $197K | — | View 990 |
| 2015 | $2.2M | $2.4M | $3.0M | $76K | — | View 990 |
| 2014 | $2.2M | $2.3M | $3.2M | $97K | — | View 990 |
| 2013 | $2.6M | $2.3M | $3.2M | $75K | — | View 990 |
| 2012 | $1.8M | $2.3M | $2.9M | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.6M, expenses of $9.0M, and assets of $7.1M (revenue +3.6% year-over-year).
- 2022: Revenue of $8.3M, expenses of $8.4M, and assets of $6.1M (revenue +14.1% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.3M, and assets of $6.0M (revenue +53.2% year-over-year).
- 2020: Revenue of $4.7M, expenses of $4.0M, and assets of $6.0M (revenue +31.4% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.4M, and assets of $4.6M (revenue +0.6% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.1M, and assets of $4.2M (revenue +20.9% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.6M, and assets of $3.6M (revenue +5.3% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.6M, and assets of $3.3M (revenue +26.5% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.4M, and assets of $3.0M (revenue +0.1% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.3M, and assets of $3.2M (revenue -14.0% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.3M, and assets of $3.2M (revenue +43.7% year-over-year).
- 2012: Revenue of $1.8M, expenses of $2.3M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Program Inc:
Data Sources and Methodology
This transparency report for Hope Program 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.