Life Of Hope
Life Of Hope shows growth in assets but recent deficit, with no reported officer compensation.
EIN: 205252137 · Brooklyn, NY · NTEE: P84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $581K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $101K |
| Transparency Score | 75/100 |
Is Life Of Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Life Of Hope directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Life Of Hope
Life Of Hope (EIN: 205252137) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P84. The organization reported total revenue of $4.7M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Of Hope is a mid-size nonprofit that has been operating for 13 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $527K |
| Total Expenses | $581K |
| Surplus / Deficit | $-54,049 |
| Total Assets | $124K |
| Total Liabilities | $24K |
| Net Assets | $101K |
| Operating Margin | -10.3% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Life Of Hope reported a deficit of $54K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Life Of Hope's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.6% | +53.4% | -29.7% |
| 2022 | +482.7% | +245.7% | +595.5% |
| 2021 | -53.2% | -29.1% | -42.3% |
| 2020 | +24.3% | +0.9% | +925.0% |
| 2019 | -37.2% | -6.2% | +1039.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Life Of Hope with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Life Of Hope allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with revenues reaching over $500,000 in recent periods and suggests a volunteer-led or very lean leadership structure.
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 Life Of Hope's IRS 990 filings:
- Significant discrepancy between 'Latest Revenue' ($4,663,195) and individual filing revenues (max $530,232), requiring clarification.
- Expenses exceeded revenue in the most recent filing period (202306: Expenses $581,109 vs. Revenue $527,060), indicating a deficit.
- Relatively low assets ($124,191 in 2023) compared to the reported 'Latest Revenue' figure, potentially indicating limited financial reserves for an organization of that scale.
Strengths
The following positive indicators were identified for Life Of Hope:
- Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to minimizing administrative overhead.
- Demonstrated asset growth from $377 in 2018 to $124,191 in 2023, showing some financial accumulation.
- Consistent filing of IRS Form 990s, indicating adherence to transparency requirements.
Frequently Asked Questions about Life Of Hope
Is Life Of Hope a legitimate charity?
Life Of Hope (EIN: 205252137) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Life Of Hope spend its money?
Life Of Hope directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Life Of Hope tax-deductible?
Life Of Hope is registered as a tax-exempt nonprofit (EIN: 205252137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Life Of Hope CEO make?
Life Of Hope's highest-compensated officer earns $500,000 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Life Of Hope's spending goes to programs?
Life Of Hope directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Life Of Hope compare to similar nonprofits?
With a transparency score of 75/100 (Good), Life Of Hope is above average for NTEE category P84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Life Of Hope located?
Life Of Hope is headquartered in Brooklyn, New York and files with the IRS under EIN 205252137. It is classified under NTEE code P84.
How many years of IRS 990 filings does Life Of Hope have?
Life Of Hope has 6 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 $4.7M in total revenue.
Is Life Of Hope a good charity?
Life Of Hope exhibits some characteristics of a good charity, particularly its consistent reporting of 0% officer compensation, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. Its assets have also shown growth over time. However, the recent deficit in the 202306 period (expenses $581,109 exceeding revenue $527,060) and the significant discrepancy between the 'Latest Revenue' figure and individual filing revenues warrant further investigation to fully assess its financial stability and operational scale.
What caused the significant increase in 'Latest Revenue' to $4,663,195 compared to individual filing revenues?
The provided data does not specify the reason for the jump in 'Latest Revenue' to $4,663,195. The highest revenue reported in the individual filings is $530,232 (202206). This large difference could be due to a recent major grant, a one-time donation, or a different reporting period for the 'Latest Revenue' figure not reflected in the provided filing history. Further examination of the full 990 form associated with this larger revenue figure would be necessary to understand its source and impact.
How does Life Of Hope manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently (e.g., as program expenses if they are also program staff, though this is less common for officers), or that the organization is very small and relies heavily on unpaid leadership. This practice can be a strong indicator of dedication to mission and efficient use of funds.
Filing History
IRS 990 filing history for Life Of Hope showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Life Of Hope's revenue has grown by 111.7%, moving from $249K to $527K. Total assets increased by 32841.9% over the same period, from $377 to $124K. Total functional expenses rose by 255.7%, from $163K to $581K. In its most recent filing year (2023), Life Of Hope reported a deficit of $54K, with expenses exceeding revenue. The organization holds $24K in liabilities against $124K in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $101K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $527K | $581K | $124K | $24K | — | View 990 |
| 2022 | $530K | $379K | $177K | $0 | — | View 990 |
| 2021 | $91K | $110K | $25K | $0 | — | View 990 |
| 2020 | $194K | $155K | $44K | $0 | — | — |
| 2019 | $156K | $153K | $4K | $0 | — | View 990 |
| 2018 | $249K | $163K | $377 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $527K, expenses of $581K, and assets of $124K (revenue -0.6% year-over-year).
- 2022: Revenue of $530K, expenses of $379K, and assets of $177K (revenue +482.7% year-over-year).
- 2021: Revenue of $91K, expenses of $110K, and assets of $25K (revenue -53.2% year-over-year).
- 2020: Revenue of $194K, expenses of $155K, and assets of $44K (revenue +24.3% year-over-year).
- 2019: Revenue of $156K, expenses of $153K, and assets of $4K (revenue -37.2% year-over-year).
- 2018: Revenue of $249K, expenses of $163K, and assets of $377.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Of Hope:
Data Sources and Methodology
This transparency report for Life Of 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.