Project Hope Of Eastern Ct Inc
Project Hope Of Eastern CT Inc shows significant growth with no reported executive compensation, though recent expenses exceeded revenue.
EIN: 201542111 · Willimantic, CT · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $397K |
| Program Spending | 85% |
| Net Assets | $693K |
| Transparency Score | 88/100 |
Search Intent Cockpit
Project Hope Of Eastern Ct Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Project Hope Of Eastern Ct Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Project Hope Of Eastern Ct Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $365K and expenses of $397K.
Revenue and Expenses
Project Hope Of Eastern Ct Inc reported $365K in revenue and $397K in expenses, a deficit of $32K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
88/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Project Hope Of Eastern Ct Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $337K (85%) |
Across stored filings, Project Hope Of Eastern Ct Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 12 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Category L context |
Trust Check
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Willimantic, CT nonprofitsCategory L in Connecticut
Human Services in Connecticut
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Project Hope Of Eastern Ct Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Hope Of Eastern Ct Inc
Project Hope Of Eastern Ct Inc (EIN: 201542111) is a nonprofit organization based in Willimantic, CT, classified under NTEE code L41. The organization reported total revenue of $1.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Hope Of Eastern Ct Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Hope Of Eastern Ct Inc is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $365K |
| Total Expenses | $397K |
| Surplus / Deficit | $-32,128 |
| Total Assets | $878K |
| Total Liabilities | $185K |
| Net Assets | $693K |
| Operating Margin | -8.8% |
| Debt-to-Asset Ratio | 21.1% |
| Months of Reserves | 26.6 months |
Financial Health Grade: B
In 2023, Project Hope Of Eastern Ct Inc reported a deficit of $32K with expenses exceeding revenue, holds 26.6 months of operating reserves (strong position), has a debt-to-asset ratio of 21.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Project Hope Of Eastern Ct Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.0% | +26.0% | -3.6% |
| 2022 | +110.1% | -4.9% | +528.7% |
| 2021 | +50.3% | +19.2% | +68.7% |
| 2020 | -12.4% | -0.5% | -15.3% |
| 2019 | +10.2% | +12.3% | +30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Project Hope Of Eastern Ct 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, Project Hope Of Eastern Ct 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 $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size, allowing more resources to be directed to programs.
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 Project Hope Of Eastern Ct Inc's IRS 990 filings:
- Expenses exceeded revenue in the 202306 filing period ($396,798 vs. $364,670), indicating a deficit for that year.
- Significant increase in liabilities from $3,854 in 2021 to $185,375 in 2023, which warrants further investigation into their nature.
Strengths
The following positive indicators were identified for Project Hope Of Eastern Ct Inc:
- Consistent reporting of 0% officer compensation across all 12 filings, indicating strong resource allocation to mission.
- Significant growth in revenue and assets, with assets increasing from $144,972 in 2021 to $878,241 in 2023.
- Long history of IRS 990 filings (12 periods), demonstrating consistent transparency and compliance.
- Strong asset base ($1,282,181 latest reported) relative to recent annual expenses, providing financial stability.
Frequently Asked Questions about Project Hope Of Eastern Ct Inc
Is Project Hope Of Eastern Ct Inc a legitimate charity?
Project Hope Of Eastern Ct Inc (EIN: 201542111) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Project Hope Of Eastern Ct Inc spend its money?
Project Hope Of Eastern Ct Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Hope Of Eastern Ct Inc tax-deductible?
Project Hope Of Eastern Ct Inc is registered as a tax-exempt nonprofit (EIN: 201542111). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Hope Of Eastern Ct Inc's spending goes to programs?
Project Hope Of Eastern Ct Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Hope Of Eastern Ct Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Project Hope Of Eastern Ct Inc is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Hope Of Eastern Ct Inc located?
Project Hope Of Eastern Ct Inc is headquartered in Willimantic, Connecticut and files with the IRS under EIN 201542111. It is classified under NTEE code L41.
How many years of IRS 990 filings does Project Hope Of Eastern Ct Inc have?
Project Hope Of Eastern Ct 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 $1.1M in total revenue.
Is Project Hope Of Eastern Ct Inc financially stable given the recent deficit?
While the 202306 filing showed expenses exceeding revenue by $32,128, the organization's overall asset growth from $144,972 in 2021 to $878,241 in 2023 suggests a strong financial position that can absorb short-term deficits. Continued monitoring of future financial periods would be prudent.
How has Project Hope Of Eastern Ct Inc's growth impacted its liabilities?
Liabilities have increased significantly from $3,854 in 2021 to $185,375 in 2023. While this increase coincides with substantial asset growth, it's important to understand the nature of these liabilities and if they are manageable relative to the organization's assets and revenue.
What is the trend in Project Hope Of Eastern Ct Inc's revenue and expenses?
Revenue has shown substantial growth, particularly from $394,286 in 2021 to $828,563 in 2022, before a dip to $364,670 in 2023. Expenses have also grown but generally at a slower pace than revenue, except for the 2023 period where expenses exceeded revenue.
Filing History
IRS 990 filing history for Project Hope Of Eastern Ct Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Project Hope Of Eastern Ct Inc's revenue has grown by 274.2%, moving from $97K to $365K. Total assets increased by 5374% over the same period, from $16K to $878K. Total functional expenses rose by 233.4%, from $119K to $397K. In its most recent filing year (2023), Project Hope Of Eastern Ct Inc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $185K in liabilities against $878K in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $693K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $365K | $397K | $878K | $185K | — | — |
| 2022 | $829K | $315K | $911K | $257K | — | View 990 |
| 2021 | $394K | $331K | $145K | $4K | — | View 990 |
| 2020 | $262K | $278K | $86K | $8K | — | View 990 |
| 2019 | $299K | $279K | $101K | $8K | — | View 990 |
| 2018 | $272K | $249K | $78K | $4K | — | View 990 |
| 2017 | $195K | $223K | $53K | $3K | — | View 990 |
| 2016 | $247K | $247K | $81K | $3K | — | View 990 |
| 2015 | $190K | $173K | $80K | $1K | — | View 990 |
| 2014 | $166K | $147K | $63K | $817 | — | View 990 |
| 2013 | $144K | $117K | $43K | $702 | — | View 990 |
| 2012 | $97K | $119K | $16K | $667 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $365K, expenses of $397K, and assets of $878K (revenue -56.0% year-over-year).
- 2022: Revenue of $829K, expenses of $315K, and assets of $911K (revenue +110.1% year-over-year).
- 2021: Revenue of $394K, expenses of $331K, and assets of $145K (revenue +50.3% year-over-year).
- 2020: Revenue of $262K, expenses of $278K, and assets of $86K (revenue -12.4% year-over-year).
- 2019: Revenue of $299K, expenses of $279K, and assets of $101K (revenue +10.2% year-over-year).
- 2018: Revenue of $272K, expenses of $249K, and assets of $78K (revenue +39.3% year-over-year).
- 2017: Revenue of $195K, expenses of $223K, and assets of $53K (revenue -21.1% year-over-year).
- 2016: Revenue of $247K, expenses of $247K, and assets of $81K (revenue +30.2% year-over-year).
- 2015: Revenue of $190K, expenses of $173K, and assets of $80K (revenue +14.5% year-over-year).
- 2014: Revenue of $166K, expenses of $147K, and assets of $63K (revenue +15.0% year-over-year).
- 2013: Revenue of $144K, expenses of $117K, and assets of $43K (revenue +48.0% year-over-year).
- 2012: Revenue of $97K, expenses of $119K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Hope Of Eastern Ct Inc:
Data Sources and Methodology
This transparency report for Project Hope Of Eastern Ct 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.