Rochester New Hope Corporation
EIN: 411766953 · Rochester, MN · NTEE: P80Z
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $112K |
| Net Assets | $241K |
Is Rochester New Hope Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rochester New Hope Corporation
Rochester New Hope Corporation (EIN: 411766953) is a nonprofit organization based in Rochester, MN, classified under NTEE code P80Z. The organization reported total revenue of $120K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochester New Hope Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochester New Hope Corporation is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $112K |
| Surplus / Deficit | $-26,823 |
| Total Assets | $264K |
| Total Liabilities | $24K |
| Net Assets | $241K |
| Operating Margin | -31.5% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 28.3 months |
Financial Health Grade: B
In 2023, Rochester New Hope Corporation reported a deficit of $27K with expenses exceeding revenue, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.4% | +32.8% | -5.0% |
| 2022 | +6.9% | +18.6% | -7.9% |
| 2021 | -3.5% | -14.3% | -2.3% |
| 2020 | -3.5% | +9.1% | -6.3% |
| 2019 | -14.0% | -18.9% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rochester New Hope Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rochester New Hope Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.0%.
Frequently Asked Questions about Rochester New Hope Corporation
Is Rochester New Hope Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rochester New Hope Corporation (EIN: 411766953) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rochester New Hope Corporation spend its money?
Detailed spending breakdown data is not yet available for Rochester New Hope Corporation. Check back for updated IRS 990 analysis.
Are donations to Rochester New Hope Corporation tax-deductible?
Rochester New Hope Corporation is registered as a tax-exempt nonprofit (EIN: 411766953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rochester New Hope Corporation located?
Rochester New Hope Corporation is headquartered in Rochester, Minnesota and files with the IRS under EIN 411766953. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Rochester New Hope Corporation have?
Rochester New Hope Corporation 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 $120K in total revenue.
Filing History
IRS 990 filing history for Rochester New Hope Corporation showing financial trends over 13 years of public records:
Total assets decreased by 43.6% over the same period, from $469K to $264K. Total functional expenses rose by 643.1%, from $15K to $112K. In its most recent filing year (2023), Rochester New Hope Corporation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $24K in liabilities against $264K in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $241K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $112K | $264K | $24K | — | View 990 |
| 2022 | $63K | $84K | $278K | $11K | — | View 990 |
| 2021 | $59K | $71K | $302K | $14K | — | — |
| 2020 | $61K | $83K | $310K | $9K | — | View 990 |
| 2019 | $64K | $76K | $330K | $8K | — | View 990 |
| 2018 | $74K | $94K | $339K | $5K | — | View 990 |
| 2017 | $56K | $78K | $358K | $4K | — | View 990 |
| 2016 | $63K | $69K | $385K | $9K | — | View 990 |
| 2015 | $59K | $79K | $385K | $4K | — | View 990 |
| 2014 | $55K | $79K | $410K | $8K | — | View 990 |
| 2013 | $-7,368 | $17K | $436K | $10K | — | View 990 |
| 2012 | $4K | $15K | $456K | $6K | — | View 990 |
| 2011 | $-8,291 | $15K | $469K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $112K, and assets of $264K (revenue +34.4% year-over-year).
- 2022: Revenue of $63K, expenses of $84K, and assets of $278K (revenue +6.9% year-over-year).
- 2021: Revenue of $59K, expenses of $71K, and assets of $302K (revenue -3.5% year-over-year).
- 2020: Revenue of $61K, expenses of $83K, and assets of $310K (revenue -3.5% year-over-year).
- 2019: Revenue of $64K, expenses of $76K, and assets of $330K (revenue -14.0% year-over-year).
- 2018: Revenue of $74K, expenses of $94K, and assets of $339K (revenue +33.1% year-over-year).
- 2017: Revenue of $56K, expenses of $78K, and assets of $358K (revenue -11.8% year-over-year).
- 2016: Revenue of $63K, expenses of $69K, and assets of $385K (revenue +7.1% year-over-year).
- 2015: Revenue of $59K, expenses of $79K, and assets of $385K (revenue +7.0% year-over-year).
- 2014: Revenue of $55K, expenses of $79K, and assets of $410K.
- 2013: Revenue of $-7,368, expenses of $17K, and assets of $436K (revenue -269.3% year-over-year).
- 2012: Revenue of $4K, expenses of $15K, and assets of $456K.
- 2011: Revenue of $-8,291, expenses of $15K, and assets of $469K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochester New Hope Corporation:
Data Sources and Methodology
This transparency report for Rochester New Hope Corporation 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.