Hopeworks Social Enterprises
EIN: 800684608 · Everett, WA · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $3.6M |
| Net Assets | $15.2M |
Is Hopeworks Social Enterprises Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hopeworks Social Enterprises
Hopeworks Social Enterprises (EIN: 800684608) is a nonprofit organization based in Everett, WA, classified under NTEE code J22. The organization reported total revenue of $4.6M and total assets of $28.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopeworks Social Enterprises's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopeworks Social Enterprises is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 36.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$417K |
| Total Assets | $20.3M |
| Total Liabilities | $5.1M |
| Net Assets | $15.2M |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 25.3% |
| Months of Reserves | 67.2 months |
Financial Health Grade: A
In 2022, Hopeworks Social Enterprises reported a surplus of $417K with revenue exceeding expenses, holds 67.2 months of operating reserves (strong position), has a debt-to-asset ratio of 25.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Hopeworks Social Enterprises's revenue has grown at a compound annual growth rate (CAGR) of 36.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.7% | +9.0% | +6.3% |
| 2021 | +34.2% | +7.8% | +5.2% |
| 2020 | -77.0% | +24.6% | -0.4% |
| 2019 | +238.1% | +10.5% | +44.7% |
| 2018 | +1.2% | +32.8% | +125.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hopeworks Social Enterprises 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 Hopeworks Social Enterprises 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $417K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.3%.
Frequently Asked Questions about Hopeworks Social Enterprises
Is Hopeworks Social Enterprises a legitimate charity?
Hopeworks Social Enterprises (EIN: 800684608) is a registered tax-exempt nonprofit based in Washington. It has 12 years of IRS 990 filings on record. Total revenue: $4.6M. No red flags identified. Financial health grade: A.
How does Hopeworks Social Enterprises spend its money?
Hopeworks Social Enterprises reported $4.6M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hopeworks Social Enterprises tax-deductible?
Hopeworks Social Enterprises is registered as a tax-exempt nonprofit (EIN: 800684608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hopeworks Social Enterprises located?
Hopeworks Social Enterprises is headquartered in Everett, Washington and files with the IRS under EIN 800684608. It is classified under NTEE code J22.
How many years of IRS 990 filings does Hopeworks Social Enterprises have?
Hopeworks Social Enterprises has 12 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 $4.6M in total revenue.
Filing History
IRS 990 filing history for Hopeworks Social Enterprises showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Hopeworks Social Enterprises's revenue has grown by 2881.5%, moving from $136K to $4.1M. Total assets increased by 53434.1% over the same period, from $38K to $20.3M. Total functional expenses rose by 3515.7%, from $100K to $3.6M. In its most recent filing year (2022), Hopeworks Social Enterprises reported a surplus of $417K, with revenue exceeding expenses. The organization holds $5.1M in liabilities against $20.3M in assets (debt-to-asset ratio: 25.3%), resulting in net assets of $15.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.1M | $3.6M | $20.3M | $5.1M | — | — |
| 2021 | $3.7M | $3.3M | $19.1M | $4.4M | — | — |
| 2020 | $2.8M | $3.1M | $18.2M | $3.8M | — | View 990 |
| 2019 | $12.0M | $2.5M | $18.3M | $3.4M | — | View 990 |
| 2018 | $3.5M | $2.2M | $12.6M | $7.5M | — | View 990 |
| 2017 | $3.5M | $1.7M | $5.6M | $2.5M | — | View 990 |
| 2016 | $1.4M | $1.4M | $3.2M | $2.0M | — | View 990 |
| 2015 | $1.5M | $878K | $3.2M | $1.9M | — | View 990 |
| 2014 | $662K | $729K | $2.6M | $2.1M | — | View 990 |
| 2013 | $754K | $395K | $784K | $64K | — | View 990 |
| 2012 | $694K | $300K | $457K | $35K | — | View 990 |
| 2011 | $136K | $100K | $38K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.1M, expenses of $3.6M, and assets of $20.3M (revenue +9.7% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.3M, and assets of $19.1M (revenue +34.2% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.1M, and assets of $18.2M (revenue -77.0% year-over-year).
- 2019: Revenue of $12.0M, expenses of $2.5M, and assets of $18.3M (revenue +238.1% year-over-year).
- 2018: Revenue of $3.5M, expenses of $2.2M, and assets of $12.6M (revenue +1.2% year-over-year).
- 2017: Revenue of $3.5M, expenses of $1.7M, and assets of $5.6M (revenue +155.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $3.2M (revenue -8.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $878K, and assets of $3.2M (revenue +126.5% year-over-year).
- 2014: Revenue of $662K, expenses of $729K, and assets of $2.6M (revenue -12.2% year-over-year).
- 2013: Revenue of $754K, expenses of $395K, and assets of $784K (revenue +8.6% year-over-year).
- 2012: Revenue of $694K, expenses of $300K, and assets of $457K (revenue +411.2% year-over-year).
- 2011: Revenue of $136K, expenses of $100K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopeworks Social Enterprises:
Data Sources and Methodology
This transparency report for Hopeworks Social Enterprises 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.