Hope Universal Inc

Hope Universal Inc. shows fluctuating revenues and expenses, with zero reported officer compensation and liabilities.

EIN: 10708888 · Seneca, SC · NTEE: X20 · Updated: 2026-03-27

$239KRevenue

$82KAssets

75/100Mission Score (Good)

X20

About Hope Universal Inc

Hope Universal Inc (EIN: 10708888) is a nonprofit organization based in Seneca, SC, classified under NTEE code X20. The organization reported total revenue of $239K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Universal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hope Universal Inc. demonstrates a mixed financial picture based on its IRS 990 filings. While the organization has shown consistent revenue generation over the past decade, with a notable peak of $386,283 in 2020, its financial stability appears somewhat volatile. For instance, in 2023, expenses ($405,664) significantly outpaced revenue ($325,142), leading to a deficit. Conversely, in 2022, revenue ($319,765) comfortably exceeded expenses ($242,355). The organization consistently reports zero liabilities, which is a positive indicator of financial health and low debt burden.

The lack of reported officer compensation across all available filings suggests either a fully volunteer-run leadership or that compensation falls below the reporting threshold, which can be a sign of efficient use of funds for program services. However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, a precise assessment of spending efficiency is challenging. The organization's assets have fluctuated, reaching a high of $179,378 in 2022 before declining to $98,856 in 2023, indicating some variability in its financial reserves.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive, demonstrating adherence to regulatory requirements. However, the absence of specific expense categories (program, administrative, fundraising) in the provided data limits a deeper analysis of how funds are allocated. The zero liability status across all filings is a strong point for financial transparency and responsibility.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hope Universal Inc with a Mission Score of 75 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: 80%
fundraising: 5%

According to IRS 990 filings, Hope Universal Inc 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.

Executive Compensation Analysis

Hope Universal Inc. consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led organization or that compensation is below IRS reporting thresholds, which is a positive for resource allocation to mission-related activities.

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 Universal Inc's IRS 990 filings:

Inconsistent financial performance with periods of significant deficits (e.g., 2023 expenses exceeded revenue by over $80,000)
Fluctuating asset base, indicating potential instability in reserves.

Strengths

The following positive indicators were identified for Hope Universal Inc:

Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
Zero reported liabilities across all filings, indicating no debt burden.
0% officer compensation reported, suggesting efficient use of funds for mission or volunteer leadership.

Frequently Asked Questions about Hope Universal Inc

Is Hope Universal Inc. financially stable?

Hope Universal Inc.'s financial stability appears somewhat variable. While it has periods of strong revenue exceeding expenses (e.g., 2022 with $319,765 revenue vs. $242,355 expenses), it also experiences deficits (e.g., 2023 with $325,142 revenue vs. $405,664 expenses). The consistent zero liabilities are a strong positive, but asset fluctuations suggest reserves can vary.

How does Hope Universal Inc. manage its debt?

Hope Universal Inc. consistently reports $0 in liabilities across all 13 available IRS 990 filings, indicating that the organization operates without debt, which is a strong positive for its financial health.

What is the trend in Hope Universal Inc.'s revenue?

Hope Universal Inc.'s revenue has fluctuated over the past decade, ranging from a low of $89,504 in 2018 to a high of $386,283 in 2020. The latest reported revenue for 2023 was $325,142, showing significant variability year-to-year.

Does Hope Universal Inc. pay its officers?

Based on the provided IRS 990 data, Hope Universal Inc. consistently reports 0% officer compensation across all 13 filings, suggesting that its leadership may be entirely volunteer-based or that compensation levels are below the IRS reporting threshold.

Filing History

IRS 990 filing history for Hope Universal Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hope Universal Inc's revenue has grown by 368.5%, moving from $69K to $325K. Total assets increased by 574.6% over the same period, from $15K to $99K. Total functional expenses rose by 480.1%, from $70K to $406K. In its most recent filing year (2023), Hope Universal Inc reported a deficit of $81K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$325K	$406K	$99K	$0	—	View 990
2022	$320K	$242K	$179K	$0	—	—
2021	$199K	$258K	$102K	$0	—	View 990
2020	$386K	$345K	$161K	$0	—	View 990
2019	$223K	$186K	$119K	$0	—	View 990
2018	$90K	$78K	$81K	$0	—	View 990
2017	$131K	$118K	$70K	$0	—	View 990
2016	$95K	$96K	$57K	$0	—	View 990
2015	$182K	$145K	$59K	$0	—	View 990
2014	$91K	$78K	$22K	$0	—	View 990
2013	$100K	$106K	$9K	$0	—	View 990
2012	$77K	$77K	$14K	$0	—	View 990
2011	$69K	$70K	$15K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $325K, expenses of $406K, and assets of $99K (revenue +1.7% year-over-year).
2022: Revenue of $320K, expenses of $242K, and assets of $179K (revenue +60.6% year-over-year).
2021: Revenue of $199K, expenses of $258K, and assets of $102K (revenue -48.4% year-over-year).
2020: Revenue of $386K, expenses of $345K, and assets of $161K (revenue +73.0% year-over-year).
2019: Revenue of $223K, expenses of $186K, and assets of $119K (revenue +149.5% year-over-year).
2018: Revenue of $90K, expenses of $78K, and assets of $81K (revenue -31.5% year-over-year).
2017: Revenue of $131K, expenses of $118K, and assets of $70K (revenue +37.5% year-over-year).
2016: Revenue of $95K, expenses of $96K, and assets of $57K (revenue -47.8% year-over-year).
2015: Revenue of $182K, expenses of $145K, and assets of $59K (revenue +99.4% year-over-year).
2014: Revenue of $91K, expenses of $78K, and assets of $22K (revenue -9.1% year-over-year).
2013: Revenue of $100K, expenses of $106K, and assets of $9K (revenue +30.8% year-over-year).
2012: Revenue of $77K, expenses of $77K, and assets of $14K (revenue +10.6% year-over-year).
2011: Revenue of $69K, expenses of $70K, and assets of $15K.

Data Sources and Methodology

This transparency report for Hope Universal 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.