Hope Services
Hope Services shows strong revenue growth and asset accumulation, with no reported officer compensation, but liabilities have increased.
EIN: 20703072 · Land O Lakes, FL · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $910K |
| Transparency Score | 85/100 |
Is Hope Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Services directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Services
Hope Services (EIN: 20703072) is a nonprofit organization based in Land O Lakes, FL, classified under NTEE code P80. The organization reported total revenue of $1.7M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Services is a mid-size nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 21.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$356K |
| Total Assets | $1.5M |
| Total Liabilities | $605K |
| Net Assets | $910K |
| Operating Margin | 22.3% |
| Debt-to-Asset Ratio | 39.9% |
| Months of Reserves | 14.6 months |
Financial Health Grade: A
In 2023, Hope Services reported a surplus of $356K with revenue exceeding expenses, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 39.9% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Hope Services's revenue has grown at a compound annual growth rate (CAGR) of 21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.9% | +25.9% | +32.2% |
| 2022 | -23.3% | +2.6% | +75.6% |
| 2021 | +11.0% | -6.9% | +51.0% |
| 2020 | -10.8% | -6.2% | +60.4% |
| 2019 | +79.5% | +77.9% | +87.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
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 Services 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hope Services allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $356K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.9%.
Executive Compensation Analysis
Hope Services consistently reports 0% officer compensation across all 11 IRS 990 filings, indicating that no portion of its revenue is allocated to executive salaries, which is highly favorable for a nonprofit of its size with over $1.5 million in annual revenue.
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 Services's IRS 990 filings:
- Significant increase in liabilities from $40,829 in 2021 to $605,090 in 2023, which needs further clarification.
- Lack of detailed breakdown of program, administrative, and fundraising expenses in the provided summary data, limiting precise efficiency analysis.
Strengths
The following positive indicators were identified for Hope Services:
- Consistent and strong revenue growth, from $198,927 in 2014 to $1,597,385 in 2023.
- Significant asset accumulation, growing from $1 in 2014 to $1,515,542 in 2023.
- Zero reported officer compensation across all 11 filing periods, indicating a strong commitment to mission-focused spending.
- Healthy operating margin, with 2023 revenues ($1,597,385) exceeding expenses ($1,241,793).
- Consistent IRS 990 filing history over 11 periods, demonstrating good transparency.
Frequently Asked Questions about Hope Services
Is Hope Services a legitimate charity?
Hope Services (EIN: 20703072) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Hope Services spend its money?
Hope Services directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hope Services tax-deductible?
Hope Services is registered as a tax-exempt nonprofit (EIN: 20703072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hope Services CEO make?
Hope Services's highest-compensated officer earns $1.5 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hope Services's spending goes to programs?
Hope Services directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Services compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope Services is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Services located?
Hope Services is headquartered in Land O Lakes, Florida and files with the IRS under EIN 20703072. It is classified under NTEE code P80.
How many years of IRS 990 filings does Hope Services have?
Hope Services has 11 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 $1.7M in total revenue.
Is Hope Services a good charity?
Based on its financial filings, Hope Services appears to be a good charity. It demonstrates strong revenue growth, increasing assets, and a consistent commitment to not paying officer compensation, suggesting funds are directed towards its mission. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a more complete picture of its efficiency.
What is the trend in Hope Services' financial health?
Hope Services has shown a strong positive trend in financial health, with revenue growing from $198,927 in 2014 to $1,597,385 in 2023, and assets increasing from $1 in 2014 to $1,515,542 in 2023. This indicates significant growth and financial stability over the past decade.
Why have liabilities increased significantly for Hope Services?
Hope Services' liabilities have increased from $2,246 in 2014 to $605,090 in 2023. While the 990 data doesn't specify the exact nature of these liabilities, such a substantial increase warrants further investigation to understand if they are related to program expansion, capital investments, or other obligations.
Filing History
IRS 990 filing history for Hope Services showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Hope Services's revenue has grown by 583.2%, moving from $234K to $1.6M. Total assets increased by 9721.4% over the same period, from $15K to $1.5M. Total functional expenses rose by 423.7%, from $237K to $1.2M. In its most recent filing year (2023), Hope Services reported a surplus of $356K, with revenue exceeding expenses. The organization holds $605K in liabilities against $1.5M in assets (debt-to-asset ratio: 39.9%), resulting in net assets of $910K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.2M | $1.5M | $605K | — | — |
| 2022 | $929K | $986K | $1.1M | $592K | — | View 990 |
| 2021 | $1.2M | $961K | $653K | $41K | — | View 990 |
| 2020 | $1.1M | $1.0M | $432K | $112K | — | — |
| 2019 | $1.2M | $1.1M | $270K | $8K | — | View 990 |
| 2018 | $681K | $619K | $143K | $5K | — | View 990 |
| 2017 | $426K | $418K | $80K | $4K | — | View 990 |
| 2016 | $409K | $355K | $70K | $2K | — | View 990 |
| 2015 | $230K | $214K | $16K | $2K | — | View 990 |
| 2014 | $199K | $215K | $1 | $2K | — | View 990 |
| 2013 | $234K | $237K | $15K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.2M, and assets of $1.5M (revenue +71.9% year-over-year).
- 2022: Revenue of $929K, expenses of $986K, and assets of $1.1M (revenue -23.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $961K, and assets of $653K (revenue +11.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $432K (revenue -10.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $270K (revenue +79.5% year-over-year).
- 2018: Revenue of $681K, expenses of $619K, and assets of $143K (revenue +59.9% year-over-year).
- 2017: Revenue of $426K, expenses of $418K, and assets of $80K (revenue +4.2% year-over-year).
- 2016: Revenue of $409K, expenses of $355K, and assets of $70K (revenue +77.9% year-over-year).
- 2015: Revenue of $230K, expenses of $214K, and assets of $16K (revenue +15.5% year-over-year).
- 2014: Revenue of $199K, expenses of $215K, and assets of $1 (revenue -14.9% year-over-year).
- 2013: Revenue of $234K, expenses of $237K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Services:
Data Sources and Methodology
This transparency report for Hope Services 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.