Hopes Wings Inc
Hopes Wings Inc consistently maintains strong assets and zero liabilities with no reported officer compensation.
EIN: 204496496 · Richmond, KY · NTEE: P43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $456K |
| Total Expenses | $491K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is Hopes Wings Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hopes Wings Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hopes Wings Inc
Hopes Wings Inc (EIN: 204496496) is a nonprofit organization based in Richmond, KY, classified under NTEE code P43. The organization reported total revenue of $456K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopes Wings Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopes Wings Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $503K |
| Total Expenses | $491K |
| Surplus / Deficit | +$11K |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 2.3% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2023, Hopes Wings Inc reported a surplus of $11K with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hopes Wings Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.2% | +7.5% | +1.0% |
| 2022 | +41.3% | +13.0% | +9.2% |
| 2021 | -43.2% | +8.9% | -1.2% |
| 2020 | +32.2% | -10.6% | +37.6% |
| 2019 | +35.0% | +11.8% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Wings 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 Wings 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 $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Hopes Wings Inc consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with over $1 million in assets and half a million in annual revenue.
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 Wings Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported in other categories or that leadership is entirely volunteer, warranting further investigation for clarity.
Strengths
The following positive indicators were identified for Hopes Wings Inc:
- Consistent reporting of $0 liabilities, indicating strong financial health and responsible management.
- Healthy and growing asset base, reaching $1,158,205 in 2023, providing financial stability.
- No reported officer compensation across all filings, suggesting a high percentage of funds go directly to programs or that leadership is volunteer.
- Consistent filing history (13 filings), demonstrating transparency and compliance.
- Revenue generally covers expenses, indicating a sustainable operational model.
Frequently Asked Questions about Hopes Wings Inc
Is Hopes Wings Inc a legitimate charity?
Hopes Wings Inc (EIN: 204496496) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $456K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Hopes Wings Inc spend its money?
Hopes Wings Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hopes Wings Inc tax-deductible?
Hopes Wings Inc is registered as a tax-exempt nonprofit (EIN: 204496496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hopes Wings Inc CEO make?
Hopes Wings Inc's highest-compensated officer earns $1 annually. The organization reported $456K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hopes Wings Inc's spending goes to programs?
Hopes Wings Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hopes Wings Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hopes Wings Inc is above average for NTEE category P43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hopes Wings Inc located?
Hopes Wings Inc is headquartered in Richmond, Kentucky and files with the IRS under EIN 204496496. It is classified under NTEE code P43.
How many years of IRS 990 filings does Hopes Wings Inc have?
Hopes Wings 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 $456K in total revenue.
Is Hopes Wings Inc a good charity?
Based on the provided IRS 990 data, Hopes Wings Inc appears to be a very good charity. It consistently maintains a strong asset base (over $1 million in recent years), reports zero liabilities, and has no reported officer compensation, indicating efficient use of funds and strong financial health.
How does Hopes Wings Inc manage its finances?
Hopes Wings Inc demonstrates excellent financial management. They consistently operate without liabilities, indicating strong fiscal control. Their assets have grown steadily, reaching $1,158,205 in 2023, and their revenue generally covers expenses, showing sustainability.
What is the trend in Hopes Wings Inc's revenue and expenses?
Hopes Wings Inc's revenue has fluctuated, with a peak of $690,072 in 2020, but generally remains robust. Expenses have also varied but typically stay below or close to revenue, indicating a sustainable financial model. For example, in 2023, revenue was $502,500 against expenses of $491,041.
Does Hopes Wings Inc have any debt?
No, Hopes Wings Inc has consistently reported $0 in liabilities in its recent IRS 990 filings, indicating that the organization operates debt-free.
Filing History
IRS 990 filing history for Hopes Wings Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hopes Wings Inc's revenue has grown by 292.5%, moving from $128K to $503K. Total assets increased by 65.2% over the same period, from $701K to $1.2M. Total functional expenses rose by 76.3%, from $279K to $491K. In its most recent filing year (2023), Hopes Wings Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $503K | $491K | $1.2M | $0 | — | View 990 |
| 2022 | $553K | $457K | $1.1M | $0 | — | View 990 |
| 2021 | $392K | $404K | $1.1M | $0 | — | View 990 |
| 2020 | $690K | $371K | $1.1M | $0 | — | View 990 |
| 2019 | $522K | $415K | $772K | $0 | — | View 990 |
| 2018 | $387K | $371K | $679K | $0 | — | View 990 |
| 2017 | $323K | $341K | $677K | $0 | — | View 990 |
| 2016 | $370K | $364K | $696K | $0 | — | View 990 |
| 2015 | $364K | $331K | $691K | $0 | — | View 990 |
| 2014 | $380K | $388K | $677K | $19K | — | View 990 |
| 2013 | $331K | $365K | $681K | $15K | — | View 990 |
| 2012 | $217K | $205K | $719K | $19K | — | View 990 |
| 2011 | $128K | $279K | $701K | $102K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $503K, expenses of $491K, and assets of $1.2M (revenue -9.2% year-over-year).
- 2022: Revenue of $553K, expenses of $457K, and assets of $1.1M (revenue +41.3% year-over-year).
- 2021: Revenue of $392K, expenses of $404K, and assets of $1.1M (revenue -43.2% year-over-year).
- 2020: Revenue of $690K, expenses of $371K, and assets of $1.1M (revenue +32.2% year-over-year).
- 2019: Revenue of $522K, expenses of $415K, and assets of $772K (revenue +35.0% year-over-year).
- 2018: Revenue of $387K, expenses of $371K, and assets of $679K (revenue +19.9% year-over-year).
- 2017: Revenue of $323K, expenses of $341K, and assets of $677K (revenue -12.7% year-over-year).
- 2016: Revenue of $370K, expenses of $364K, and assets of $696K (revenue +1.4% year-over-year).
- 2015: Revenue of $364K, expenses of $331K, and assets of $691K (revenue -4.2% year-over-year).
- 2014: Revenue of $380K, expenses of $388K, and assets of $677K (revenue +15.0% year-over-year).
- 2013: Revenue of $331K, expenses of $365K, and assets of $681K (revenue +52.5% year-over-year).
- 2012: Revenue of $217K, expenses of $205K, and assets of $719K (revenue +69.4% year-over-year).
- 2011: Revenue of $128K, expenses of $279K, and assets of $701K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopes Wings Inc:
Data Sources and Methodology
This transparency report for Hopes Wings 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.