Hopes Door Inc
Hopes Door Inc shows consistent revenue growth and no reported officer compensation over the past decade.
EIN: 133023259 · Hawthorne, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 92/100 |
Is Hopes Door Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hopes Door Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hopes Door Inc
Hopes Door Inc (EIN: 133023259) is a nonprofit organization based in Hawthorne, NY. The organization reported total revenue of $3.2M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopes Door Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopes Door Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$324K |
| Total Assets | $3.2M |
| Total Liabilities | $411K |
| Net Assets | $2.8M |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 13.0% |
| Months of Reserves | 12.5 months |
Financial Health Grade: A
In 2023, Hopes Door Inc reported a surplus of $324K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hopes Door Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.1% | +3.0% | +6.7% |
| 2022 | +26.7% | +8.7% | +13.5% |
| 2021 | +12.4% | +4.7% | +23.8% |
| 2020 | +8.0% | +11.3% | +12.3% |
| 2019 | +12.0% | +9.7% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Door Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hopes Door Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $324K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator, suggesting that leadership is either volunteer-based or compensated through other means, allowing more funds to be directed towards the organization's mission.
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.
Strengths
The following positive indicators were identified for Hopes Door Inc:
- Consistent revenue growth, increasing from $1.8M in 2014 to $3.3M in 2023.
- Positive net income in most recent years (e.g., $323,909 in 2023), indicating sound financial management.
- No reported officer compensation across all 13 filings, suggesting high efficiency and dedication of resources to programs.
- Healthy asset-to-liability ratio ($3.1M assets vs. $0.4M liabilities in 2023), indicating strong financial reserves.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and compliance.
Frequently Asked Questions about Hopes Door Inc
Is Hopes Door Inc a legitimate charity?
Hopes Door Inc (EIN: 133023259) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hopes Door Inc spend its money?
Hopes Door Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hopes Door Inc tax-deductible?
Hopes Door Inc is registered as a tax-exempt nonprofit (EIN: 133023259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hopes Door Inc's spending goes to programs?
Hopes Door Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hopes Door Inc located?
Hopes Door Inc is headquartered in Hawthorne, New York and files with the IRS under EIN 133023259.
How many years of IRS 990 filings does Hopes Door Inc have?
Hopes Door Inc 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 $3.2M in total revenue.
Is Hopes Door Inc a good charity?
Based on the provided financial data, Hopes Door Inc appears to be a very good charity. It demonstrates strong financial health with consistent revenue growth, positive net income, and a healthy asset-to-liability ratio. The absence of reported officer compensation is a significant positive indicator of its commitment to its mission.
How has Hopes Door Inc's revenue trended over time?
Hopes Door Inc has shown a strong upward trend in revenue, growing from $1,796,068 in 2014 to $3,358,104 in 2023, indicating consistent growth and increasing support for its operations.
What is the organization's financial stability?
The organization exhibits strong financial stability. In 2023, its assets of $3,164,806 significantly outweighed its liabilities of $411,253, and it consistently generated more revenue than expenses, indicating a healthy financial position and ability to sustain operations.
Filing History
IRS 990 filing history for Hopes Door Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hopes Door Inc's revenue has grown by 120.3%, moving from $1.5M to $3.4M. Total assets increased by 106.9% over the same period, from $1.5M to $3.2M. Total functional expenses rose by 104.1%, from $1.5M to $3.0M. In its most recent filing year (2023), Hopes Door Inc reported a surplus of $324K, with revenue exceeding expenses. The organization holds $411K in liabilities against $3.2M in assets (debt-to-asset ratio: 13.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.0M | $3.2M | $411K | — | View 990 |
| 2022 | $3.7M | $2.9M | $3.0M | $538K | — | View 990 |
| 2021 | $2.9M | $2.7M | $2.6M | $895K | — | View 990 |
| 2020 | $2.6M | $2.6M | $2.1M | $568K | — | View 990 |
| 2019 | $2.4M | $2.3M | $1.9M | $453K | — | View 990 |
| 2018 | $2.1M | $2.1M | $1.8M | $413K | — | View 990 |
| 2017 | $2.1M | $2.1M | $1.7M | $370K | — | View 990 |
| 2016 | $1.8M | $2.0M | $1.7M | $353K | — | View 990 |
| 2015 | $1.9M | $1.9M | $1.9M | $355K | — | View 990 |
| 2014 | $1.8M | $1.8M | $1.9M | $356K | — | View 990 |
| 2013 | $1.9M | $1.7M | $2.0M | $439K | — | View 990 |
| 2012 | $1.8M | $1.6M | $1.8M | $481K | — | View 990 |
| 2011 | $1.5M | $1.5M | $1.5M | $418K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.0M, and assets of $3.2M (revenue -8.1% year-over-year).
- 2022: Revenue of $3.7M, expenses of $2.9M, and assets of $3.0M (revenue +26.7% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.7M, and assets of $2.6M (revenue +12.4% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $2.1M (revenue +8.0% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $1.9M (revenue +12.0% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $1.8M (revenue -0.7% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.1M, and assets of $1.7M (revenue +18.4% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.0M, and assets of $1.7M (revenue -5.4% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $1.9M (revenue +6.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $1.9M (revenue -3.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.7M, and assets of $2.0M (revenue +2.7% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.6M, and assets of $1.8M (revenue +18.6% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopes Door Inc:
Data Sources and Methodology
This transparency report for Hopes Door 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.