Opportunities For Hope Inc
Opportunities For Hope Inc: Consistent Revenue, Declining Assets, and Transparency Gaps
EIN: 222515061 · Fitchburg, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $635K |
| Total Expenses | $2.3M |
| Program Spending | 75% |
| Net Assets | $733K |
| Transparency Score | 65/100 |
Is Opportunities For Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opportunities For Hope Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opportunities For Hope Inc
Opportunities For Hope Inc (EIN: 222515061) is a nonprofit organization based in Fitchburg, MA. The organization reported total revenue of $635K and total assets of $915K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opportunities For Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opportunities For Hope Inc is a small nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-271,437 |
| Total Assets | $1.2M |
| Total Liabilities | $511K |
| Net Assets | $733K |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 41.1% |
| Months of Reserves | 6.5 months |
Financial Health Grade: B
In 2023, Opportunities For Hope Inc reported a deficit of $271K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 41.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Opportunities For Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +7.9% | -13.6% |
| 2022 | -12.3% | -4.1% | -5.6% |
| 2021 | +13.3% | +2.9% | -1.3% |
| 2020 | +8.1% | +15.0% | +9.1% |
| 2019 | +2.4% | +2.3% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Opportunities For Hope Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Opportunities For Hope Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $271K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific compensation figures are included in the financial filings.
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 Opportunities For Hope Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $1,547,891 in 2020 to $914,771 in 2023, a decrease of over 40%.
- Net assets (assets minus liabilities) have also decreased significantly over the past few years, indicating a potential erosion of financial stability.
- The provided data lacks specific details on program activities and their associated costs, making it difficult to fully evaluate program effectiveness.
Strengths
The following positive indicators were identified for Opportunities For Hope Inc:
- The organization has maintained a relatively stable revenue stream, consistently around $1.8M - $2.3M over the past eight years.
- Liabilities have remained relatively low compared to assets, suggesting a manageable debt burden.
- Consistent filing of financial data demonstrates a basic level of compliance and accountability.
Frequently Asked Questions about Opportunities For Hope Inc
Is Opportunities For Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opportunities For Hope Inc (EIN: 222515061) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Opportunities For Hope Inc spend its money?
Opportunities For Hope Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opportunities For Hope Inc tax-deductible?
Opportunities For Hope Inc is registered as a tax-exempt nonprofit (EIN: 222515061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Opportunities For Hope Inc's spending goes to programs?
Opportunities For Hope Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Opportunities For Hope Inc located?
Opportunities For Hope Inc is headquartered in Fitchburg, Massachusetts and files with the IRS under EIN 222515061.
How many years of IRS 990 filings does Opportunities For Hope Inc have?
Opportunities For Hope Inc 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 $635K in total revenue.
What does Opportunities For Hope Inc do?
Opportunities For Hope Inc is a nonprofit organization in the Unknown sector, located in Fitchburg, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Opportunities For Hope Inc have?
Opportunities For Hope Inc reported total revenue of $635,160. Based on 12 IRS 990 filings on record.
What are Opportunities For Hope Inc's total assets?
Opportunities For Hope Inc holds total assets of $914,771 as reported in IRS 990 filings.
Where is Opportunities For Hope Inc located?
Opportunities For Hope Inc is based in Fitchburg, Massachusetts.
What is Opportunities For Hope Inc's EIN?
Opportunities For Hope Inc's Employer Identification Number (EIN) is 222515061. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Opportunities For Hope Inc?
Opportunities For Hope Inc is classified under NTEE code Unknown (Unknown).
Is Opportunities For Hope Inc a registered 501(c)(3)?
Opportunities For Hope Inc appears in IRS records (EIN: 222515061). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Opportunities For Hope Inc file IRS Form 990?
Yes, Opportunities For Hope Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Opportunities For Hope Inc's revenue in 2023?
In the 202306 filing period, Opportunities For Hope Inc reported total revenue of $2,042,539, total expenses of $2,313,976, and net assets of $1,244,470.
Is Opportunities For Hope Inc's revenue growing or declining?
Opportunities For Hope Inc's revenue is relatively stable. Revenue went from $2,101,780 (202206) to $2,042,539 (202306), a -2.8% change. Based on 12 filings on record.
What is Opportunities For Hope Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Opportunities For Hope Inc covers tax period 202306. It shows revenue of $2,042,539, expenses of $2,313,976, total assets of $1,244,470, and liabilities of $511,261.
How much does Opportunities For Hope Inc spend on programs vs administration?
Based on IRS 990 analysis, Opportunities For Hope Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Opportunities For Hope Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Opportunities For Hope Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Opportunities For Hope Inc?
The following concerns were identified: Total assets have shown a consistent decline from $1,547,891 in 2020 to $914,771 in 2023, a decrease of over 40%.. Net assets (assets minus liabilities) have also decreased significantly over the past few years, indicating a potential erosion of financial stability.. The provided data lacks specific details on program activities and their associated costs, making it difficult to fully evaluate program effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Opportunities For Hope Inc's strengths?
Positive indicators for Opportunities For Hope Inc include: The organization has maintained a relatively stable revenue stream, consistently around $1.8M - $2.3M over the past eight years.. Liabilities have remained relatively low compared to assets, suggesting a manageable debt burden.. Consistent filing of financial data demonstrates a basic level of compliance and accountability.. These findings are derived from AI analysis of the organization's financial filings.
How does Opportunities For Hope Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific compensation figures are included in the financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Opportunities For Hope Inc?
• Financial filings are consistently available, but detailed program breakdowns are not readily apparent. • No clear narrative or impact report is provided with the raw financial data. • The organization's website (if any) is not linked or referenced in the provided data, hindering access to further transparency. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors are contributing to the consistent decline in total assets for Opportunities For Hope Inc, despite relatively stable revenue?
The provided data does not offer specific reasons for the asset decline. Potential factors could include increased operational expenses not fully covered by revenue, significant capital expenditures (though not evident in asset growth), or a strategic decision to draw down reserves. Further investigation into detailed expense categories and investment activities would be necessary.
Given the lack of detailed program information, how can a donor assess the actual impact and effectiveness of 'Opportunities For Hope Inc'?
Without detailed program breakdowns and impact reports, assessing effectiveness is challenging. Donors would need to seek additional information directly from the organization, such as annual reports, program descriptions, and outcome metrics, to understand how their contributions are being utilized and what results are being achieved.
Filing History
IRS 990 filing history for Opportunities For Hope Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Opportunities For Hope Inc's revenue has grown by 48.7%, moving from $1.4M to $2.0M. Total assets increased by 161.7% over the same period, from $476K to $1.2M. Total functional expenses rose by 78.9%, from $1.3M to $2.3M. In its most recent filing year (2023), Opportunities For Hope Inc reported a deficit of $271K, with expenses exceeding revenue. The organization holds $511K in liabilities against $1.2M in assets (debt-to-asset ratio: 41.1%), resulting in net assets of $733K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.3M | $1.2M | $511K | — | — |
| 2022 | $2.1M | $2.1M | $1.4M | $443K | — | View 990 |
| 2021 | $2.4M | $2.2M | $1.5M | $486K | — | — |
| 2020 | $2.1M | $2.2M | $1.5M | $666K | — | View 990 |
| 2019 | $2.0M | $1.9M | $1.4M | $477K | — | View 990 |
| 2018 | $1.9M | $1.8M | $1.1M | $231K | — | View 990 |
| 2017 | $1.8M | $1.7M | $1.0M | $223K | — | View 990 |
| 2016 | $1.8M | $1.6M | $942K | $240K | — | View 990 |
| 2015 | $1.5M | $1.4M | $712K | $216K | — | View 990 |
| 2014 | $1.4M | $1.4M | $580K | $201K | — | View 990 |
| 2013 | $1.4M | $1.4M | $560K | $208K | — | View 990 |
| 2012 | $1.4M | $1.3M | $476K | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.3M, and assets of $1.2M (revenue -2.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.1M, and assets of $1.4M (revenue -12.3% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.2M, and assets of $1.5M (revenue +13.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.2M, and assets of $1.5M (revenue +8.1% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $1.4M (revenue +2.4% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $1.1M (revenue +6.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $1.0M (revenue +0.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $942K (revenue +16.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $712K (revenue +9.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $580K (revenue -0.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $560K (revenue +2.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $476K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opportunities For Hope Inc:
Data Sources and Methodology
This transparency report for Opportunities For Hope 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.