Hope Universal Inc

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Hope Universal Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Hope Universal Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hope Universal Inc in one place.

Is Hope Universal Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Hope Universal Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Hope Universal Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Hope Universal Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Hope Universal Inc reported a deficit of $81K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited).

Financial Trends

Over 13 years of filings (2011–2023), Hope Universal Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $81K, with expenses exceeding revenue.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hope Universal Inc:

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.