Hopewell Museum
Hopewell Museum maintains strong assets and zero liabilities despite volatile annual revenues and occasional operating deficits.
EIN: 210689833 · Hopewell, NJ · NTEE: A540 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $517K |
| Total Expenses | $166K |
| Program Spending | 85% |
| Net Assets | $3.1M |
| Transparency Score | 90/100 |
Is Hopewell Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hopewell Museum directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hopewell Museum
Hopewell Museum (EIN: 210689833) is a nonprofit organization based in Hopewell, NJ, classified under NTEE code A540. The organization reported total revenue of $517K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopewell Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopewell Museum is a small nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $166K |
| Surplus / Deficit | $-99,228 |
| Total Assets | $3.1M |
| Net Assets | $3.1M |
| Operating Margin | -149.6% |
| Months of Reserves | 223.6 months |
Financial Health Grade: B
In 2024, Hopewell Museum reported a deficit of $99K with expenses exceeding revenue, holds 223.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Hopewell Museum's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -29.6% | +55.7% | +11.2% |
| 2023 | -86.5% | +37.6% | -6.3% |
| 2022 | +38.3% | +30.3% | +40.6% |
| 2021 | +399.8% | -40.8% | +59.4% |
| 2020 | -39.3% | +33.1% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
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 Hopewell Museum with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hopewell Museum 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $99K, with expenses exceeding revenue.
Executive Compensation Analysis
Hopewell Museum consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers. This suggests a volunteer-led executive structure, which is highly efficient and directs more resources 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.
Red Flags
The following concerns were identified during AI analysis of Hopewell Museum's IRS 990 filings:
- Significant revenue volatility, with revenue dropping from $696,220 in 2022 to $66,315 in 2024, which could impact consistent operations.
- Expenses ($165,543) significantly exceeded revenue ($66,315) in the 202403 period, indicating an operating deficit for that year.
Strengths
The following positive indicators were identified for Hopewell Museum:
- Strong asset base of $3,116,212, providing financial stability.
- Consistently reports zero liabilities across all filings, indicating excellent debt management.
- 0% officer compensation, suggesting a highly efficient, volunteer-driven leadership and dedication of resources to the mission.
- Significant growth in assets over the past decade, from $1,419,073 in 2015 to over $3 million currently.
Frequently Asked Questions about Hopewell Museum
Is Hopewell Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopewell Museum (EIN: 210689833) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Hopewell Museum spend its money?
Hopewell Museum directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hopewell Museum tax-deductible?
Hopewell Museum is registered as a tax-exempt nonprofit (EIN: 210689833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hopewell Museum's spending goes to programs?
Hopewell Museum directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hopewell Museum compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hopewell Museum is above average for NTEE category A540 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hopewell Museum located?
Hopewell Museum is headquartered in Hopewell, New Jersey and files with the IRS under EIN 210689833. It is classified under NTEE code A540.
How many years of IRS 990 filings does Hopewell Museum have?
Hopewell Museum 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 $517K in total revenue.
Is Hopewell Museum a good charity?
Based on the provided data, Hopewell Museum appears to be a good charity. It maintains substantial assets ($3,116,212), consistently reports zero liabilities, and has no officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How does Hopewell Museum manage its finances given fluctuating revenue?
Despite significant fluctuations in annual revenue (e.g., $696,220 in 2022 vs. $66,315 in 2024), Hopewell Museum has managed to grow its assets from $1,419,073 in 2015 to $3,116,212 currently, and consistently reports zero liabilities. This suggests effective asset management and possibly reliance on endowment income or strategic reserves to cover operational costs during leaner years.
What is the trend in Hopewell Museum's financial health?
Hopewell Museum shows a positive trend in asset growth, more than doubling its assets from $1,419,073 in 2015 to $3,116,212 currently. While revenue can be volatile, the consistent zero liabilities and asset growth indicate improving long-term financial health, though recent periods show expenses exceeding revenue.
Filing History
IRS 990 filing history for Hopewell Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Hopewell Museum's revenue has declined by 41%, moving from $112K to $66K. Total assets increased by 114.9% over the same period, from $1.4M to $3.1M. Total functional expenses rose by 114.9%, from $77K to $166K. In its most recent filing year (2024), Hopewell Museum reported a deficit of $99K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $66K | $166K | $3.1M | $0 | — | — |
| 2023 | $94K | $106K | $2.8M | $0 | — | View 990 |
| 2022 | $696K | $77K | $3.0M | $0 | — | View 990 |
| 2021 | $503K | $59K | $2.1M | $0 | — | — |
| 2020 | $101K | $100K | $1.3M | $0 | — | View 990 |
| 2019 | $166K | $75K | $1.5M | $0 | — | View 990 |
| 2018 | $24K | $68K | $1.5M | $0 | — | View 990 |
| 2017 | $26K | $67K | $1.5M | $0 | — | View 990 |
| 2016 | $164K | $93K | $1.5M | $0 | — | View 990 |
| 2015 | $55K | $75K | $1.4M | $0 | — | View 990 |
| 2014 | $23K | $53K | $1.4M | $0 | — | View 990 |
| 2013 | $99K | $64K | $1.5M | $0 | — | View 990 |
| 2012 | $112K | $77K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $66K, expenses of $166K, and assets of $3.1M (revenue -29.6% year-over-year).
- 2023: Revenue of $94K, expenses of $106K, and assets of $2.8M (revenue -86.5% year-over-year).
- 2022: Revenue of $696K, expenses of $77K, and assets of $3.0M (revenue +38.3% year-over-year).
- 2021: Revenue of $503K, expenses of $59K, and assets of $2.1M (revenue +399.8% year-over-year).
- 2020: Revenue of $101K, expenses of $100K, and assets of $1.3M (revenue -39.3% year-over-year).
- 2019: Revenue of $166K, expenses of $75K, and assets of $1.5M (revenue +596.7% year-over-year).
- 2018: Revenue of $24K, expenses of $68K, and assets of $1.5M (revenue -7.4% year-over-year).
- 2017: Revenue of $26K, expenses of $67K, and assets of $1.5M (revenue -84.3% year-over-year).
- 2016: Revenue of $164K, expenses of $93K, and assets of $1.5M (revenue +200.9% year-over-year).
- 2015: Revenue of $55K, expenses of $75K, and assets of $1.4M (revenue +132.7% year-over-year).
- 2014: Revenue of $23K, expenses of $53K, and assets of $1.4M (revenue -76.3% year-over-year).
- 2013: Revenue of $99K, expenses of $64K, and assets of $1.5M (revenue -12.0% year-over-year).
- 2012: Revenue of $112K, expenses of $77K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopewell Museum:
Data Sources and Methodology
This transparency report for Hopewell Museum 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.