Hrs True Hope
Hrs True Hope shows consistent revenue and asset growth with no reported officer compensation over ten years.
EIN: 205347588 · Georgetown, TX · NTEE: T50 · Updated: 2026-03-28
Is Hrs True Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hrs True Hope directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hrs True Hope
Hrs True Hope (EIN: 205347588) is a nonprofit organization based in Georgetown, TX, classified under NTEE code T50. The organization reported total revenue of $812K and total assets of $546K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hrs True Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hrs True Hope with a Mission Score of 88 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, Hrs True Hope 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.
Executive Compensation Analysis
Hrs True Hope has consistently reported 0% officer compensation across all ten years of available filings, indicating a volunteer-led executive team or that compensation falls below reporting thresholds, which is highly favorable for donor perception of efficiency.
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 Hrs True Hope's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data
- Increase in liabilities to $650 in 2023 after years of reporting $0, warrants further investigation
Strengths
The following positive indicators were identified for Hrs True Hope:
- Consistent revenue growth over a decade (from $103,981 in 2014 to $762,026 in 2023)
- Significant asset growth, indicating strong financial management and capacity building (from $9,065 in 2014 to $514,462 in 2023)
- No reported officer compensation across all ten filings, suggesting high efficiency and dedication to mission
- Consistent filing of IRS 990s, demonstrating transparency and compliance
- Generally operating with surpluses, indicating fiscal responsibility
Frequently Asked Questions about Hrs True Hope
Is Hrs True Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Hrs True Hope (EIN: 205347588) some concerns. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
How does Hrs True Hope spend its money?
Hrs True Hope directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hrs True Hope tax-deductible?
Hrs True Hope is registered as a tax-exempt nonprofit (EIN: 205347588). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hrs True Hope financially stable?
Yes, Hrs True Hope appears financially stable, demonstrating consistent revenue growth from $103,981 in 2014 to $762,026 in 2023, and a significant increase in assets from $9,065 to $514,462 over the same period. They have generally operated with surpluses, building reserves.
How has Hrs True Hope's revenue changed over time?
Hrs True Hope has experienced substantial revenue growth, increasing from $103,981 in 2014 to $762,026 in 2023, representing an increase of over 600% in a decade.
Does Hrs True Hope pay its officers?
Based on the provided IRS 990 data, Hrs True Hope has reported 0% officer compensation for all ten years of filings, suggesting that officers are either unpaid volunteers or their compensation is below the reporting threshold.
What is the trend in Hrs True Hope's assets?
Hrs True Hope's assets have shown a strong upward trend, growing from $9,065 in 2014 to $514,462 in 2023, indicating successful accumulation of resources and financial health.
Filing History
IRS 990 filing history for Hrs True Hope showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Hrs True Hope's revenue has grown by 632.9%, moving from $104K to $762K. Total assets increased by 5575.3% over the same period, from $9K to $514K. Total functional expenses rose by 564.7%, from $98K to $652K. In its most recent filing year (2023), Hrs True Hope reported a surplus of $110K, with revenue exceeding expenses. The organization holds $650 in liabilities against $514K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $514K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $762K | $652K | $514K | $650 | — | — |
| 2022 | $668K | $472K | $403K | $0 | — | View 990 |
| 2021 | $496K | $416K | $208K | $0 | — | View 990 |
| 2020 | $306K | $338K | $128K | $0 | — | — |
| 2019 | $475K | $604K | $161K | $0 | — | View 990 |
| 2018 | $573K | $330K | $290K | $0 | — | View 990 |
| 2017 | $246K | $256K | $47K | $0 | — | View 990 |
| 2016 | $246K | $197K | $57K | $0 | — | View 990 |
| 2015 | $104K | $105K | $8K | $0 | — | View 990 |
| 2014 | $104K | $98K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $762K, expenses of $652K, and assets of $514K (revenue +14.2% year-over-year).
- 2022: Revenue of $668K, expenses of $472K, and assets of $403K (revenue +34.6% year-over-year).
- 2021: Revenue of $496K, expenses of $416K, and assets of $208K (revenue +62.0% year-over-year).
- 2020: Revenue of $306K, expenses of $338K, and assets of $128K (revenue -35.5% year-over-year).
- 2019: Revenue of $475K, expenses of $604K, and assets of $161K (revenue -17.1% year-over-year).
- 2018: Revenue of $573K, expenses of $330K, and assets of $290K (revenue +132.7% year-over-year).
- 2017: Revenue of $246K, expenses of $256K, and assets of $47K (revenue +0.1% year-over-year).
- 2016: Revenue of $246K, expenses of $197K, and assets of $57K (revenue +137.1% year-over-year).
- 2015: Revenue of $104K, expenses of $105K, and assets of $8K (revenue -0.3% year-over-year).
- 2014: Revenue of $104K, expenses of $98K, and assets of $9K.
Data Sources and Methodology
This transparency report for Hrs True Hope 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.