Reason For Our Hope Foundation Inc
Reason For Our Hope Foundation Inc maintains strong financial health with growing assets and no officer compensation.
EIN: 201674258 · Erie, PA · NTEE: X22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $478K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $530,474 |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Reason For Our Hope Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reason For Our Hope Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reason For Our Hope Foundation Inc
Reason For Our Hope Foundation Inc (EIN: 201674258) is a nonprofit organization based in Erie, PA, classified under NTEE code X22. The organization reported total revenue of $530K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reason For Our Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reason For Our Hope Foundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $495K |
| Total Expenses | $478K |
| Surplus / Deficit | +$17K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 3.5% |
| Months of Reserves | 28.7 months |
Financial Health Grade: A
In 2023, Reason For Our Hope Foundation Inc reported a surplus of $17K with revenue exceeding expenses, holds 28.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Reason For Our Hope Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.1% | -12.0% | +1.3% |
| 2022 | +19.3% | +15.8% | +0.4% |
| 2021 | -14.7% | +2.7% | -0.7% |
| 2020 | +18.6% | -2.8% | +7.5% |
| 2019 | +1.3% | +10.7% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Reason For Our Hope Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Reason For Our Hope Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $17K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size ($530,474 latest revenue) as it maximizes resources for 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.
Strengths
The following positive indicators were identified for Reason For Our Hope Foundation Inc:
- Consistent asset growth, reaching $1,145,134 in 2023.
- Zero reported officer compensation across all filings, maximizing program spending.
- Consistent positive net income, demonstrating financial stability (e.g., $17,177 surplus in 2023).
- No reported liabilities in the latest filing (2023), indicating strong financial health and no debt.
- Long history of IRS 990 filings (13 periods), demonstrating transparency and consistent reporting.
Frequently Asked Questions about Reason For Our Hope Foundation Inc
Is Reason For Our Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reason For Our Hope Foundation Inc (EIN: 201674258) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Reason For Our Hope Foundation Inc spend its money?
Reason For Our Hope Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Reason For Our Hope Foundation Inc tax-deductible?
Reason For Our Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201674258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Reason For Our Hope Foundation Inc CEO make?
Reason For Our Hope Foundation Inc's highest-compensated officer earns $530,474 annually. The organization reported $530K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Reason For Our Hope Foundation Inc's spending goes to programs?
Reason For Our Hope Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reason For Our Hope Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Reason For Our Hope Foundation Inc is above average for NTEE category X22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reason For Our Hope Foundation Inc located?
Reason For Our Hope Foundation Inc is headquartered in Erie, Pennsylvania and files with the IRS under EIN 201674258. It is classified under NTEE code X22.
How many years of IRS 990 filings does Reason For Our Hope Foundation Inc have?
Reason For Our Hope Foundation 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 $530K in total revenue.
Is Reason For Our Hope Foundation Inc a good charity?
Based on its financial data, Reason For Our Hope Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue, and a remarkable 0% officer compensation, indicating efficient use of donor funds.
How does Reason For Our Hope Foundation Inc manage its expenses?
The organization manages its expenses efficiently, with total expenses consistently close to total revenue, as seen in 2023 where expenses were $478,000 against $495,177 in revenue. This suggests a focus on utilizing funds for current operations rather than accumulating excessive reserves.
What is the trend in Reason For Our Hope Foundation Inc's assets?
Reason For Our Hope Foundation Inc has shown a consistent upward trend in assets, growing from $788,633 in 2014 to $1,145,134 in 2023, indicating financial stability and prudent management of resources.
Filing History
IRS 990 filing history for Reason For Our Hope Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reason For Our Hope Foundation Inc's revenue has grown by 80.1%, moving from $275K to $495K. Total assets increased by 176.9% over the same period, from $413K to $1.1M. Total functional expenses rose by 130%, from $208K to $478K. In its most recent filing year (2023), Reason For Our Hope Foundation Inc reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $478K | $1.1M | $0 | — | — |
| 2022 | $551K | $543K | $1.1M | $3K | — | View 990 |
| 2021 | $462K | $469K | $1.1M | $6K | — | View 990 |
| 2020 | $541K | $457K | $1.1M | $7K | — | View 990 |
| 2019 | $456K | $470K | $1.1M | $12K | — | View 990 |
| 2018 | $451K | $424K | $1.1M | $9K | — | View 990 |
| 2017 | $442K | $403K | $1.0M | $10K | — | View 990 |
| 2016 | $509K | $425K | $1.0M | $15K | — | View 990 |
| 2015 | $464K | $341K | $919K | $12K | — | View 990 |
| 2014 | $682K | $457K | $789K | $5K | — | View 990 |
| 2013 | $402K | $307K | $559K | $0 | — | View 990 |
| 2012 | $299K | $242K | $464K | $686 | — | View 990 |
| 2011 | $275K | $208K | $413K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $478K, and assets of $1.1M (revenue -10.1% year-over-year).
- 2022: Revenue of $551K, expenses of $543K, and assets of $1.1M (revenue +19.3% year-over-year).
- 2021: Revenue of $462K, expenses of $469K, and assets of $1.1M (revenue -14.7% year-over-year).
- 2020: Revenue of $541K, expenses of $457K, and assets of $1.1M (revenue +18.6% year-over-year).
- 2019: Revenue of $456K, expenses of $470K, and assets of $1.1M (revenue +1.3% year-over-year).
- 2018: Revenue of $451K, expenses of $424K, and assets of $1.1M (revenue +2.0% year-over-year).
- 2017: Revenue of $442K, expenses of $403K, and assets of $1.0M (revenue -13.2% year-over-year).
- 2016: Revenue of $509K, expenses of $425K, and assets of $1.0M (revenue +9.6% year-over-year).
- 2015: Revenue of $464K, expenses of $341K, and assets of $919K (revenue -32.0% year-over-year).
- 2014: Revenue of $682K, expenses of $457K, and assets of $789K (revenue +69.7% year-over-year).
- 2013: Revenue of $402K, expenses of $307K, and assets of $559K (revenue +34.6% year-over-year).
- 2012: Revenue of $299K, expenses of $242K, and assets of $464K (revenue +8.7% year-over-year).
- 2011: Revenue of $275K, expenses of $208K, and assets of $413K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reason For Our Hope Foundation Inc:
Data Sources and Methodology
This transparency report for Reason For Our Hope Foundation 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.