Pesach Tikvah Hope Development Inc
Pesach Tikvah Hope Development Inc shows strong revenue and asset growth with no reported officer compensation.
EIN: 112642641 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48.2M |
| Total Expenses | $21.3M |
| Program Spending | 85% |
| Net Assets | $3.6M |
| Transparency Score | 88/100 |
Is Pesach Tikvah Hope Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pesach Tikvah Hope Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pesach Tikvah Hope Development Inc
Pesach Tikvah Hope Development Inc (EIN: 112642641) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $48.2M and total assets of $32.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pesach Tikvah Hope Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pesach Tikvah Hope Development Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.6M |
| Total Expenses | $21.3M |
| Surplus / Deficit | $-691,098 |
| Total Assets | $17.2M |
| Total Liabilities | $13.6M |
| Net Assets | $3.6M |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 79.0% |
| Months of Reserves | 9.7 months |
Financial Health Grade: C
In 2023, Pesach Tikvah Hope Development Inc reported a deficit of $691K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 79.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pesach Tikvah Hope Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +19.4% | +85.7% |
| 2022 | +1.6% | +14.5% | +1.1% |
| 2021 | +28.7% | +8.2% | +37.1% |
| 2020 | +2.6% | +9.4% | +32.6% |
| 2019 | +13.4% | +18.1% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Pesach Tikvah Hope Development Inc 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, Pesach Tikvah Hope Development 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 $691K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong dedication to directing all funds towards its mission.
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 Pesach Tikvah Hope Development Inc's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to categorize and compare with similar organizations.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits a precise efficiency analysis.
Strengths
The following positive indicators were identified for Pesach Tikvah Hope Development Inc:
- Strong and consistent revenue growth, from $7.35 million in 2014 to $20.55 million in 2023.
- Significant asset accumulation, growing from $2.13 million in 2014 to $17.19 million in 2023.
- 0% reported officer compensation across all filings, indicating high dedication to mission spending.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
- Assets comfortably exceed liabilities, indicating financial stability.
Frequently Asked Questions about Pesach Tikvah Hope Development Inc
Is Pesach Tikvah Hope Development Inc a legitimate charity?
Pesach Tikvah Hope Development Inc (EIN: 112642641) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $48.2M. 2 red flags identified. 5 strengths noted. Financial health grade: C.
How does Pesach Tikvah Hope Development Inc spend its money?
Pesach Tikvah Hope Development Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pesach Tikvah Hope Development Inc tax-deductible?
Pesach Tikvah Hope Development Inc is registered as a tax-exempt nonprofit (EIN: 112642641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pesach Tikvah Hope Development Inc's spending goes to programs?
Pesach Tikvah Hope Development Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pesach Tikvah Hope Development Inc located?
Pesach Tikvah Hope Development Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112642641.
How many years of IRS 990 filings does Pesach Tikvah Hope Development Inc have?
Pesach Tikvah Hope Development 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 $48.2M in total revenue.
Is Pesach Tikvah Hope Development Inc a good charity?
Based on the available financial data, the organization demonstrates strong financial health with consistent revenue and asset growth, and a notable absence of officer compensation. This suggests a high dedication to its mission, making it appear to be a good charity from a financial perspective.
How has the organization's financial health changed over time?
Pesach Tikvah Hope Development Inc has experienced significant financial growth, with revenue increasing from $7.35 million in 2014 to $20.55 million in 2023, and assets growing from $2.13 million to $17.19 million over the same period. This indicates a robust and expanding financial base.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers. This is a highly unusual and positive sign regarding the allocation of funds directly to charitable activities.
Are there any concerns regarding the organization's liabilities?
While liabilities have increased from $1.8 million in 2014 to $13.58 million in 2023, this growth is proportionate to the organization's overall expansion in assets and revenue. As assets ($17.19 million in 2023) still comfortably exceed liabilities, there are no immediate red flags, but it's a metric to monitor.
Filing History
IRS 990 filing history for Pesach Tikvah Hope Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pesach Tikvah Hope Development Inc's revenue has grown by 195.4%, moving from $7.0M to $20.6M. Total assets increased by 782.3% over the same period, from $1.9M to $17.2M. Total functional expenses rose by 203%, from $7.0M to $21.3M. In its most recent filing year (2023), Pesach Tikvah Hope Development Inc reported a deficit of $691K, with expenses exceeding revenue. The organization holds $13.6M in liabilities against $17.2M in assets (debt-to-asset ratio: 79.0%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.6M | $21.3M | $17.2M | $13.6M | — | — |
| 2022 | $18.0M | $17.8M | $9.3M | $5.0M | — | View 990 |
| 2021 | $17.7M | $15.5M | $9.2M | $5.0M | — | View 990 |
| 2020 | $13.7M | $14.4M | $6.7M | $4.7M | — | View 990 |
| 2019 | $13.4M | $13.1M | $5.0M | $2.4M | — | View 990 |
| 2018 | $11.8M | $11.1M | $4.4M | $2.0M | — | View 990 |
| 2017 | $9.5M | $9.3M | $3.0M | $1.2M | — | View 990 |
| 2016 | $8.7M | $8.7M | $2.7M | $1.1M | — | View 990 |
| 2015 | $9.1M | $8.0M | $2.9M | $1.4M | — | View 990 |
| 2014 | $7.4M | $7.8M | $2.1M | $1.8M | — | View 990 |
| 2013 | $7.1M | $7.3M | $2.4M | $1.6M | — | View 990 |
| 2012 | $6.8M | $6.8M | $2.7M | $1.7M | — | View 990 |
| 2011 | $7.0M | $7.0M | $1.9M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.6M, expenses of $21.3M, and assets of $17.2M (revenue +14.5% year-over-year).
- 2022: Revenue of $18.0M, expenses of $17.8M, and assets of $9.3M (revenue +1.6% year-over-year).
- 2021: Revenue of $17.7M, expenses of $15.5M, and assets of $9.2M (revenue +28.7% year-over-year).
- 2020: Revenue of $13.7M, expenses of $14.4M, and assets of $6.7M (revenue +2.6% year-over-year).
- 2019: Revenue of $13.4M, expenses of $13.1M, and assets of $5.0M (revenue +13.4% year-over-year).
- 2018: Revenue of $11.8M, expenses of $11.1M, and assets of $4.4M (revenue +24.5% year-over-year).
- 2017: Revenue of $9.5M, expenses of $9.3M, and assets of $3.0M (revenue +8.5% year-over-year).
- 2016: Revenue of $8.7M, expenses of $8.7M, and assets of $2.7M (revenue -4.0% year-over-year).
- 2015: Revenue of $9.1M, expenses of $8.0M, and assets of $2.9M (revenue +23.8% year-over-year).
- 2014: Revenue of $7.4M, expenses of $7.8M, and assets of $2.1M (revenue +2.9% year-over-year).
- 2013: Revenue of $7.1M, expenses of $7.3M, and assets of $2.4M (revenue +5.5% year-over-year).
- 2012: Revenue of $6.8M, expenses of $6.8M, and assets of $2.7M (revenue -2.7% year-over-year).
- 2011: Revenue of $7.0M, expenses of $7.0M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pesach Tikvah Hope Development Inc:
Data Sources and Methodology
This transparency report for Pesach Tikvah Hope Development 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.