Nova Hope For Haiti Inc
Nova Hope For Haiti Inc. faces recent operating deficits despite low liabilities and no officer compensation.
EIN: 201854025 · Emerson, NJ · NTEE: Q19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $343K |
| Total Expenses | $217K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $954K |
| Transparency Score | 75/100 |
Is Nova Hope For Haiti Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nova Hope For Haiti Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nova Hope For Haiti Inc
Nova Hope For Haiti Inc (EIN: 201854025) is a nonprofit organization based in Emerson, NJ, classified under NTEE code Q19. The organization reported total revenue of $343K and total assets of $934K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nova Hope For Haiti Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nova Hope For Haiti Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $217K |
| Surplus / Deficit | $-71,517 |
| Total Assets | $954K |
| Total Liabilities | $178 |
| Net Assets | $954K |
| Operating Margin | -49.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 52.9 months |
Financial Health Grade: B
In 2023, Nova Hope For Haiti Inc reported a deficit of $72K with expenses exceeding revenue, holds 52.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nova Hope For Haiti Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | -47.6% | -7.0% |
| 2022 | -75.4% | +64.7% | -21.2% |
| 2021 | +150.6% | +17.0% | +30.7% |
| 2020 | -21.7% | +4.2% | +0.9% |
| 2019 | +14.5% | -13.9% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Nova Hope For Haiti Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nova Hope For Haiti Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets nearing $1 million.
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 Nova Hope For Haiti Inc's IRS 990 filings:
- Consistent operating deficits in the last two reported periods (2022 and 2023), with expenses significantly exceeding revenue.
- Decline in total assets from $1,301,739 in 2021 to $954,352 in 2023, indicating a draw-down on reserves.
Strengths
The following positive indicators were identified for Nova Hope For Haiti Inc:
- Zero officer compensation reported across all filings, indicating a volunteer-driven leadership and high potential for program efficiency.
- Very low liabilities across all reported periods, demonstrating strong fiscal management of debt.
- Consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
- Substantial asset base (nearly $1 million in 2023) provides a buffer despite recent operating deficits.
Frequently Asked Questions about Nova Hope For Haiti Inc
Is Nova Hope For Haiti Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nova Hope For Haiti Inc (EIN: 201854025) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Nova Hope For Haiti Inc spend its money?
Nova Hope For Haiti Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nova Hope For Haiti Inc tax-deductible?
Nova Hope For Haiti Inc is registered as a tax-exempt nonprofit (EIN: 201854025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nova Hope For Haiti Inc CEO make?
Nova Hope For Haiti Inc's highest-compensated officer earns $1 annually. The organization reported $343K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nova Hope For Haiti Inc's spending goes to programs?
Nova Hope For Haiti Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nova Hope For Haiti Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Nova Hope For Haiti Inc is above average for NTEE category Q19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nova Hope For Haiti Inc located?
Nova Hope For Haiti Inc is headquartered in Emerson, New Jersey and files with the IRS under EIN 201854025. It is classified under NTEE code Q19.
How many years of IRS 990 filings does Nova Hope For Haiti Inc have?
Nova Hope For Haiti Inc 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 $343K in total revenue.
Is Nova Hope For Haiti Inc. financially sustainable given recent operating deficits?
The organization has experienced operating deficits in the last two reported periods (2022 and 2023), with expenses exceeding revenue by $275,807 in 2022 and $71,517 in 2023. This trend, if continued, raises concerns about long-term financial sustainability, despite healthy asset levels.
How does the lack of officer compensation impact the organization's efficiency?
The 0% officer compensation reported across all filings suggests that a very high proportion of donor funds can be directed towards program services rather than executive salaries, significantly enhancing spending efficiency and demonstrating a strong commitment to its mission.
What caused the significant drop in assets from 2021 to 2023?
Assets decreased from $1,301,739 in 2021 to $954,352 in 2023. This decline coincides with the operating deficits in 2022 and 2023, suggesting that the organization has been drawing down its reserves to cover expenses.
Filing History
IRS 990 filing history for Nova Hope For Haiti Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nova Hope For Haiti Inc's revenue has grown by 56.2%, moving from $93K to $145K. Total assets increased by 201.4% over the same period, from $317K to $954K. Total functional expenses rose by 1366.5%, from $15K to $217K. In its most recent filing year (2023), Nova Hope For Haiti Inc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $178 in liabilities against $954K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $954K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $217K | $954K | $178 | — | — |
| 2022 | $137K | $413K | $1.0M | $257 | — | View 990 |
| 2021 | $557K | $251K | $1.3M | $241 | — | View 990 |
| 2020 | $222K | $214K | $996K | $1K | — | View 990 |
| 2019 | $284K | $206K | $988K | $696 | — | View 990 |
| 2018 | $248K | $239K | $911K | $3K | — | View 990 |
| 2017 | $297K | $245K | $902K | $3K | — | View 990 |
| 2016 | $375K | $180K | $851K | $4K | — | View 990 |
| 2015 | $294K | $195K | $655K | $3K | — | View 990 |
| 2014 | $454K | $180K | $557K | $4K | — | View 990 |
| 2013 | $158K | $210K | $281K | $3K | — | View 990 |
| 2012 | $119K | $104K | $333K | $1K | — | View 990 |
| 2011 | $93K | $15K | $317K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $217K, and assets of $954K (revenue +5.7% year-over-year).
- 2022: Revenue of $137K, expenses of $413K, and assets of $1.0M (revenue -75.4% year-over-year).
- 2021: Revenue of $557K, expenses of $251K, and assets of $1.3M (revenue +150.6% year-over-year).
- 2020: Revenue of $222K, expenses of $214K, and assets of $996K (revenue -21.7% year-over-year).
- 2019: Revenue of $284K, expenses of $206K, and assets of $988K (revenue +14.5% year-over-year).
- 2018: Revenue of $248K, expenses of $239K, and assets of $911K (revenue -16.5% year-over-year).
- 2017: Revenue of $297K, expenses of $245K, and assets of $902K (revenue -20.7% year-over-year).
- 2016: Revenue of $375K, expenses of $180K, and assets of $851K (revenue +27.4% year-over-year).
- 2015: Revenue of $294K, expenses of $195K, and assets of $655K (revenue -35.2% year-over-year).
- 2014: Revenue of $454K, expenses of $180K, and assets of $557K (revenue +187.8% year-over-year).
- 2013: Revenue of $158K, expenses of $210K, and assets of $281K (revenue +32.6% year-over-year).
- 2012: Revenue of $119K, expenses of $104K, and assets of $333K (revenue +28.0% year-over-year).
- 2011: Revenue of $93K, expenses of $15K, and assets of $317K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nova Hope For Haiti Inc:
Data Sources and Methodology
This transparency report for Nova Hope For Haiti Inc 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.