Hopewell Music Cooperative North
EIN: 460547282 · Minneapolis, MN · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $323K |
| Total Expenses | $322K |
| Net Assets | $205K |
Is Hopewell Music Cooperative North Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hopewell Music Cooperative North
Hopewell Music Cooperative North (EIN: 460547282) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A99. The organization reported total revenue of $323K and total assets of $354K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopewell Music Cooperative North's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopewell Music Cooperative North is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 23.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $322K |
| Surplus / Deficit | $-41,247 |
| Total Assets | $231K |
| Total Liabilities | $26K |
| Net Assets | $205K |
| Operating Margin | -14.7% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Hopewell Music Cooperative North reported a deficit of $41K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Hopewell Music Cooperative North's revenue has grown at a compound annual growth rate (CAGR) of 23.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.6% | -0.8% | -10.3% |
| 2022 | -20.7% | +21.6% | +5.2% |
| 2021 | +31.0% | +0.8% | +175.0% |
| 2020 | -4.7% | -19.4% | +173.8% |
| 2019 | +0.8% | -9.7% | +30.2% |
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 Hopewell Music Cooperative North 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 Hopewell Music Cooperative North 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 $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.2%.
Frequently Asked Questions about Hopewell Music Cooperative North
Is Hopewell Music Cooperative North a legitimate charity?
Based on AI analysis of IRS 990 filings, Hopewell Music Cooperative North (EIN: 460547282) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hopewell Music Cooperative North spend its money?
Detailed spending breakdown data is not yet available for Hopewell Music Cooperative North. Check back for updated IRS 990 analysis.
Are donations to Hopewell Music Cooperative North tax-deductible?
Hopewell Music Cooperative North is registered as a tax-exempt nonprofit (EIN: 460547282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hopewell Music Cooperative North located?
Hopewell Music Cooperative North is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 460547282. It is classified under NTEE code A99.
How many years of IRS 990 filings does Hopewell Music Cooperative North have?
Hopewell Music Cooperative North has 11 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 $323K in total revenue.
Filing History
IRS 990 filing history for Hopewell Music Cooperative North showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Hopewell Music Cooperative North's revenue has grown by 714.1%, moving from $35K to $281K. Total assets increased by 1713.3% over the same period, from $13K to $231K. Total functional expenses rose by 822.3%, from $35K to $322K. In its most recent filing year (2023), Hopewell Music Cooperative North reported a deficit of $41K, with expenses exceeding revenue. The organization holds $26K in liabilities against $231K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $205K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $322K | $231K | $26K | — | — |
| 2022 | $333K | $325K | $257K | $11K | — | View 990 |
| 2021 | $420K | $267K | $244K | $7K | — | View 990 |
| 2020 | $321K | $265K | $89K | $4K | — | — |
| 2019 | $336K | $329K | $32K | $10K | — | View 990 |
| 2018 | $334K | $364K | $25K | $10K | — | View 990 |
| 2017 | $194K | $199K | $51K | $20K | — | View 990 |
| 2016 | $176K | $166K | $52K | $19K | — | View 990 |
| 2015 | $116K | $136K | $41K | $17K | — | View 990 |
| 2014 | $155K | $114K | $49K | $5K | — | View 990 |
| 2013 | $35K | $35K | $13K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $322K, and assets of $231K (revenue -15.6% year-over-year).
- 2022: Revenue of $333K, expenses of $325K, and assets of $257K (revenue -20.7% year-over-year).
- 2021: Revenue of $420K, expenses of $267K, and assets of $244K (revenue +31.0% year-over-year).
- 2020: Revenue of $321K, expenses of $265K, and assets of $89K (revenue -4.7% year-over-year).
- 2019: Revenue of $336K, expenses of $329K, and assets of $32K (revenue +0.8% year-over-year).
- 2018: Revenue of $334K, expenses of $364K, and assets of $25K (revenue +72.1% year-over-year).
- 2017: Revenue of $194K, expenses of $199K, and assets of $51K (revenue +10.3% year-over-year).
- 2016: Revenue of $176K, expenses of $166K, and assets of $52K (revenue +52.0% year-over-year).
- 2015: Revenue of $116K, expenses of $136K, and assets of $41K (revenue -25.3% year-over-year).
- 2014: Revenue of $155K, expenses of $114K, and assets of $49K (revenue +348.7% year-over-year).
- 2013: Revenue of $35K, expenses of $35K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopewell Music Cooperative North:
Data Sources and Methodology
This transparency report for Hopewell Music Cooperative North 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.