Hopes Community Action Partnership Incorporated
Hopes Community Action Partnership: Strong Financials, Room for Transparency
EIN: 221801849 · Hoboken, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $30.3M |
| Total Expenses | $28.1M |
| Program Spending | 85% |
| Net Assets | $14.7M |
| Transparency Score | 75/100 |
Is Hopes Community Action Partnership Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hopes Community Action Partnership Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hopes Community Action Partnership Incorporated
Hopes Community Action Partnership Incorporated (EIN: 221801849) is a nonprofit organization based in Hoboken, NJ. The organization reported total revenue of $30.3M and total assets of $28.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopes Community Action Partnership Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopes Community Action Partnership Incorporated is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.4M |
| Total Expenses | $28.1M |
| Surplus / Deficit | +$258K |
| Total Assets | $23.3M |
| Total Liabilities | $8.7M |
| Net Assets | $14.7M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, Hopes Community Action Partnership Incorporated reported a surplus of $258K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hopes Community Action Partnership Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | +23.5% | -6.9% |
| 2022 | +20.9% | +19.2% | +7.5% |
| 2021 | +2.6% | +0.4% | +4.9% |
| 2020 | +3.0% | +0.1% | +24.2% |
| 2019 | -10.2% | +2.9% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1967 |
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 Hopes Community Action Partnership Incorporated 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hopes Community Action Partnership Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $258K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.2%.
Executive Compensation Analysis
Executive compensation for Hopes Community Action Partnership is not explicitly detailed in the provided data, making a specific assessment difficult without further filing review.
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 Hopes Community Action Partnership Incorporated's IRS 990 filings:
- Lack of detailed program impact reporting.
- Absence of a dedicated transparency report outlining governance and specific program outcomes.
Strengths
The following positive indicators were identified for Hopes Community Action Partnership Incorporated:
- Consistent revenue growth over several years, indicating strong fundraising and grant acquisition.
- Healthy asset base relative to liabilities, suggesting financial stability.
- Low percentage of liabilities to assets, demonstrating fiscal prudence.
Frequently Asked Questions about Hopes Community Action Partnership Incorporated
Is Hopes Community Action Partnership Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopes Community Action Partnership Incorporated (EIN: 221801849) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hopes Community Action Partnership Incorporated spend its money?
Hopes Community Action Partnership Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hopes Community Action Partnership Incorporated tax-deductible?
Hopes Community Action Partnership Incorporated is registered as a tax-exempt nonprofit (EIN: 221801849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hopes Community Action Partnership Incorporated's spending goes to programs?
Hopes Community Action Partnership Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hopes Community Action Partnership Incorporated located?
Hopes Community Action Partnership Incorporated is headquartered in Hoboken, New Jersey and files with the IRS under EIN 221801849.
How many years of IRS 990 filings does Hopes Community Action Partnership Incorporated have?
Hopes Community Action Partnership Incorporated has 13 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 $30.3M in total revenue.
What does Hopes Community Action Partnership Incorporated do?
Hopes Community Action Partnership Incorporated is a nonprofit organization in the Unknown sector, located in Hoboken, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hopes Community Action Partnership Incorporated have?
Hopes Community Action Partnership Incorporated reported total revenue of $30,334,427. Based on 13 IRS 990 filings on record.
What are Hopes Community Action Partnership Incorporated's total assets?
Hopes Community Action Partnership Incorporated holds total assets of $28,813,912 as reported in IRS 990 filings.
Where is Hopes Community Action Partnership Incorporated located?
Hopes Community Action Partnership Incorporated is based in Hoboken, New Jersey.
What is Hopes Community Action Partnership Incorporated's EIN?
Hopes Community Action Partnership Incorporated's Employer Identification Number (EIN) is 221801849. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hopes Community Action Partnership Incorporated?
Hopes Community Action Partnership Incorporated is classified under NTEE code Unknown (Unknown).
Is Hopes Community Action Partnership Incorporated a registered 501(c)(3)?
Hopes Community Action Partnership Incorporated appears in IRS records (EIN: 221801849). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hopes Community Action Partnership Incorporated file IRS Form 990?
Yes, Hopes Community Action Partnership Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Hopes Community Action Partnership Incorporated's revenue in 2023?
In the 202303 filing period, Hopes Community Action Partnership Incorporated reported total revenue of $28,378,106, total expenses of $28,120,115, and net assets of $23,316,590.
Is Hopes Community Action Partnership Incorporated's revenue growing or declining?
Hopes Community Action Partnership Incorporated's revenue is growing. Revenue went from $24,208,629 (202203) to $28,378,106 (202303), a +17.2% change. Based on 13 filings on record.
What is Hopes Community Action Partnership Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Hopes Community Action Partnership Incorporated covers tax period 202303. It shows revenue of $28,378,106, expenses of $28,120,115, total assets of $23,316,590, and liabilities of $8,666,556.
How much does Hopes Community Action Partnership Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Hopes Community Action Partnership Incorporated allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Hopes Community Action Partnership Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Hopes Community Action Partnership Incorporated appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Hopes Community Action Partnership Incorporated?
The following concerns were identified: Lack of detailed program impact reporting.. Absence of a dedicated transparency report outlining governance and specific program outcomes.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hopes Community Action Partnership Incorporated's strengths?
Positive indicators for Hopes Community Action Partnership Incorporated include: Consistent revenue growth over several years, indicating strong fundraising and grant acquisition.. Healthy asset base relative to liabilities, suggesting financial stability.. Low percentage of liabilities to assets, demonstrating fiscal prudence.. These findings are derived from AI analysis of the organization's financial filings.
How does Hopes Community Action Partnership Incorporated compensate executives?
Executive compensation for Hopes Community Action Partnership is not explicitly detailed in the provided data, making a specific assessment difficult without further filing review. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Hopes Community Action Partnership Incorporated?
• No detailed program breakdowns are readily available on their website or in public filings beyond broad categories. • Specific impact metrics for their various programs are not easily quantifiable from provided information. • While financial audits are available, a comprehensive narrative transparency report is absent. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue growth, what strategies are in place to ensure program expansion aligns with community needs and avoids mission drift?
The provided data does not detail specific strategies for program alignment with growth, but the consistent revenue suggests effective fundraising that could support such expansion.
With total assets of $28,813,912 and liabilities of $8,666,556 in 2023, how does the organization plan to leverage its strong financial position to enhance community impact?
The organization's strong financial position could be leveraged for strategic investments in new programs, technology, or capacity building, though specific plans are not outlined in the data.
Filing History
IRS 990 filing history for Hopes Community Action Partnership Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hopes Community Action Partnership Incorporated's revenue has grown by 146.2%, moving from $11.5M to $28.4M. Total assets increased by 563.6% over the same period, from $3.5M to $23.3M. Total functional expenses rose by 144.1%, from $11.5M to $28.1M. In its most recent filing year (2023), Hopes Community Action Partnership Incorporated reported a surplus of $258K, with revenue exceeding expenses. The organization holds $8.7M in liabilities against $23.3M in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $14.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.4M | $28.1M | $23.3M | $8.7M | — | View 990 |
| 2022 | $24.2M | $22.8M | $25.1M | $10.7M | — | View 990 |
| 2021 | $20.0M | $19.1M | $23.3M | $10.4M | — | View 990 |
| 2020 | $19.5M | $19.0M | $22.2M | $10.2M | — | View 990 |
| 2019 | $19.0M | $19.0M | $17.9M | $6.5M | — | View 990 |
| 2018 | $21.1M | $18.5M | $16.5M | $5.0M | — | View 990 |
| 2017 | $22.6M | $18.1M | $15.3M | $6.4M | — | View 990 |
| 2016 | $15.5M | $13.6M | $6.6M | $2.3M | — | View 990 |
| 2015 | $14.0M | $13.0M | $4.5M | $2.1M | — | View 990 |
| 2014 | $13.4M | $13.3M | $3.4M | $2.7M | — | View 990 |
| 2013 | $11.6M | $11.5M | $3.7M | $3.1M | — | View 990 |
| 2012 | $11.8M | $11.8M | $3.1M | $2.6M | — | View 990 |
| 2011 | $11.5M | $11.5M | $3.5M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.4M, expenses of $28.1M, and assets of $23.3M (revenue +17.2% year-over-year).
- 2022: Revenue of $24.2M, expenses of $22.8M, and assets of $25.1M (revenue +20.9% year-over-year).
- 2021: Revenue of $20.0M, expenses of $19.1M, and assets of $23.3M (revenue +2.6% year-over-year).
- 2020: Revenue of $19.5M, expenses of $19.0M, and assets of $22.2M (revenue +3.0% year-over-year).
- 2019: Revenue of $19.0M, expenses of $19.0M, and assets of $17.9M (revenue -10.2% year-over-year).
- 2018: Revenue of $21.1M, expenses of $18.5M, and assets of $16.5M (revenue -6.7% year-over-year).
- 2017: Revenue of $22.6M, expenses of $18.1M, and assets of $15.3M (revenue +45.9% year-over-year).
- 2016: Revenue of $15.5M, expenses of $13.6M, and assets of $6.6M (revenue +10.8% year-over-year).
- 2015: Revenue of $14.0M, expenses of $13.0M, and assets of $4.5M (revenue +4.8% year-over-year).
- 2014: Revenue of $13.4M, expenses of $13.3M, and assets of $3.4M (revenue +15.5% year-over-year).
- 2013: Revenue of $11.6M, expenses of $11.5M, and assets of $3.7M (revenue -1.8% year-over-year).
- 2012: Revenue of $11.8M, expenses of $11.8M, and assets of $3.1M (revenue +2.2% year-over-year).
- 2011: Revenue of $11.5M, expenses of $11.5M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopes Community Action Partnership Incorporated:
Data Sources and Methodology
This transparency report for Hopes Community Action Partnership Incorporated 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.