Hopelight Medical Clinic
EIN: 464657471 · Longmont, CO · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $5.5M |
| Net Assets | $-165,731 |
Is Hopelight Medical Clinic Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hopelight Medical Clinic
Hopelight Medical Clinic (EIN: 464657471) is a nonprofit organization based in Longmont, CO, classified under NTEE code P40. The organization reported total revenue of $5.9M and total assets of $568K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopelight Medical Clinic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopelight Medical Clinic is a mid-size nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 28.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-318,930 |
| Total Assets | $522K |
| Total Liabilities | $688K |
| Net Assets | $-165,731 |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 131.7% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2023, Hopelight Medical Clinic reported a deficit of $319K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 131.7% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Hopelight Medical Clinic's revenue has grown at a compound annual growth rate (CAGR) of 28.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +9.1% | -33.1% |
| 2022 | +13.2% | +6.4% | -28.1% |
| 2021 | -4.1% | +34.3% | -15.5% |
| 2020 | +73.1% | +50.0% | +312.0% |
| 2019 | -7.7% | +31.2% | +77.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hopelight Medical Clinic 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 Hopelight Medical Clinic 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $319K, with expenses exceeding revenue.
- Debt-to-asset ratio: 131.7%.
Frequently Asked Questions about Hopelight Medical Clinic
Is Hopelight Medical Clinic a legitimate charity?
Hopelight Medical Clinic (EIN: 464657471) is a registered tax-exempt nonprofit based in Colorado. It has 9 years of IRS 990 filings on record. Total revenue: $5.9M. No red flags identified. Financial health grade: D.
How does Hopelight Medical Clinic spend its money?
Hopelight Medical Clinic reported $5.9M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hopelight Medical Clinic tax-deductible?
Hopelight Medical Clinic is registered as a tax-exempt nonprofit (EIN: 464657471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hopelight Medical Clinic located?
Hopelight Medical Clinic is headquartered in Longmont, Colorado and files with the IRS under EIN 464657471. It is classified under NTEE code P40.
How many years of IRS 990 filings does Hopelight Medical Clinic have?
Hopelight Medical Clinic has 9 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 $5.9M in total revenue.
Filing History
IRS 990 filing history for Hopelight Medical Clinic showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Hopelight Medical Clinic's revenue has grown by 627.8%, moving from $712K to $5.2M. Total assets increased by 2700.9% over the same period, from $19K to $522K. Total functional expenses rose by 688.3%, from $698K to $5.5M. In its most recent filing year (2023), Hopelight Medical Clinic reported a deficit of $319K, with expenses exceeding revenue. The organization holds $688K in liabilities against $522K in assets (debt-to-asset ratio: 131.7%), resulting in net assets of $-165,731.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.5M | $522K | $688K | — | — |
| 2022 | $4.7M | $5.0M | $781K | $628K | — | — |
| 2021 | $4.2M | $4.7M | $1.1M | $591K | — | View 990 |
| 2020 | $4.3M | $3.5M | $1.3M | $205K | — | — |
| 2019 | $2.5M | $2.4M | $312K | $34K | — | View 990 |
| 2018 | $2.7M | $1.8M | $176K | $46K | — | View 990 |
| 2017 | $1.2M | $1.1M | $115K | $17K | — | — |
| 2016 | $900K | $881K | $50K | $12K | — | View 990 |
| 2015 | $712K | $698K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.5M, and assets of $522K (revenue +10.2% year-over-year).
- 2022: Revenue of $4.7M, expenses of $5.0M, and assets of $781K (revenue +13.2% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.7M, and assets of $1.1M (revenue -4.1% year-over-year).
- 2020: Revenue of $4.3M, expenses of $3.5M, and assets of $1.3M (revenue +73.1% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.4M, and assets of $312K (revenue -7.7% year-over-year).
- 2018: Revenue of $2.7M, expenses of $1.8M, and assets of $176K (revenue +125.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $115K (revenue +33.9% year-over-year).
- 2016: Revenue of $900K, expenses of $881K, and assets of $50K (revenue +26.4% year-over-year).
- 2015: Revenue of $712K, expenses of $698K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopelight Medical Clinic:
Data Sources and Methodology
This transparency report for Hopelight Medical Clinic 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.