Hope Works Inc
EIN: 60945609 · West Hartford, CT
| Metric | Value |
|---|---|
| Total Expenses | $73K |
| Net Assets | $34K |
Is Hope Works Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Works Inc
Hope Works Inc (EIN: 60945609) is a nonprofit organization based in West Hartford, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Works Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Works Inc is a micro nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -20.8%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $73K |
| Surplus / Deficit | $-20,247 |
| Total Assets | $34K |
| Net Assets | $34K |
| Operating Margin | -38.4% |
| Months of Reserves | 5.7 months |
Financial Health Grade: B
In 2014, Hope Works Inc reported a deficit of $20K with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate).
Financial Trends
Over 4 years of filings (2011–2014), Hope Works Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -43.7% | -34.7% | -37.5% |
| 2013 | -31.7% | -28.4% | -26.3% |
| 2012 | +29.2% | +8.2% | -18.6% |
AI Analysis Pending
AI enrichment for Hope Works Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope Works Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
Frequently Asked Questions about Hope Works Inc
Is Hope Works Inc a legitimate charity?
Hope Works Inc (EIN: 60945609) is a registered tax-exempt nonprofit based in Connecticut. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Hope Works Inc spend its money?
Hope Works Inc reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hope Works Inc tax-deductible?
Hope Works Inc is registered as a tax-exempt nonprofit (EIN: 60945609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Works Inc located?
Hope Works Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 60945609.
How many years of IRS 990 filings does Hope Works Inc have?
Hope Works Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Hope Works Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Hope Works Inc's revenue has declined by 50.3%, moving from $106K to $53K. Total assets decreased by 62.6% over the same period, from $92K to $34K. Total functional expenses fell by 49.4%, from $144K to $73K. In its most recent filing year (2014), Hope Works Inc reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $53K | $73K | $34K | $0 | — | View 990 |
| 2013 | $94K | $112K | $55K | $0 | — | View 990 |
| 2012 | $137K | $156K | $75K | $2K | — | View 990 |
| 2011 | $106K | $144K | $92K | $163 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $53K, expenses of $73K, and assets of $34K (revenue -43.7% year-over-year).
- 2013: Revenue of $94K, expenses of $112K, and assets of $55K (revenue -31.7% year-over-year).
- 2012: Revenue of $137K, expenses of $156K, and assets of $75K (revenue +29.2% year-over-year).
- 2011: Revenue of $106K, expenses of $144K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Works Inc:
Data Sources and Methodology
This transparency report for Hope Works 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.