Streets Hope
Streets Hope experiences significant revenue growth but faces recurring deficits and increasing liabilities.
EIN: 200326829 · Denver, CO · NTEE: P80 · Updated: 2026-03-28
Is Streets Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Streets Hope directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Streets Hope
Streets Hope (EIN: 200326829) is a nonprofit organization based in Denver, CO, classified under NTEE code P80. The organization reported total revenue of $917K and total assets of $232K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Streets Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Streets Hope is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $938K |
| Total Expenses | $969K |
| Surplus / Deficit | $-30,734 |
| Total Assets | $121K |
| Total Liabilities | $199K |
| Net Assets | $-77,573 |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 164.0% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, Streets Hope reported a deficit of $31K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 164.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Streets Hope's revenue has grown at a compound annual growth rate (CAGR) of 19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.6% | +52.0% | +260.3% |
| 2022 | +61.3% | +24.6% | -90.4% |
| 2021 | +38.6% | +63.3% | +556.7% |
| 2020 | +159.1% | -9.5% | -31.8% |
| 2019 | -68.1% | +21.9% | -74.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Streets Hope 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: 80%
- fundraising: 5%
According to IRS 990 filings, Streets Hope allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 164.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is categorized differently, which can be a positive sign for directing funds towards 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 Streets Hope's IRS 990 filings:
- Recurring operational deficits (e.g., 2023, 2021, 2020, 2019, 2017)
- Significant increase in liabilities from $6,016 in 2020 to $198,782 in 2023
- High volatility in assets, with a sharp drop from $350,984 in 2021 to $33,641 in 2022
- Expenses consistently close to or exceeding revenue despite revenue growth
Strengths
The following positive indicators were identified for Streets Hope:
- Significant revenue growth from $111,983 in 2019 to $938,186 in 2023, indicating expanding operations and donor support.
- Consistent reporting of 0% officer compensation, suggesting resources are directed away from executive salaries.
- Regular filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Long filing history (13 filings) indicates established operations.
Frequently Asked Questions about Streets Hope
Is Streets Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Streets Hope (EIN: 200326829) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Streets Hope spend its money?
Streets Hope directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Streets Hope tax-deductible?
Streets Hope is registered as a tax-exempt nonprofit (EIN: 200326829). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific breakdown of program, administrative, and fundraising expenses for Streets Hope?
The provided data does not offer a detailed breakdown of expenses beyond total expenses. A full IRS Form 990 would be needed to determine the exact percentages allocated to programs, administration, and fundraising.
Why has Streets Hope frequently operated with expenses exceeding revenue, particularly in 2023 and 2021?
The recurring deficits suggest that the organization's spending has outpaced its income in those periods. This could be due to strategic investments, unexpected costs, or challenges in fundraising to meet operational demands.
What is the nature of the significant increase in liabilities, from $6,016 in 2020 to $198,782 in 2023?
The substantial increase in liabilities could indicate various factors, such as new loans, deferred revenue, or accounts payable. Understanding the composition of these liabilities is crucial for assessing financial risk.
How does Streets Hope plan to address the volatility in its asset base, which saw a sharp drop from $350,984 in 2021 to $33,641 in 2022?
The significant fluctuation in assets suggests either major asset disposals, depreciation, or a shift in financial strategy. The organization would need to clarify the reasons behind this volatility and its plans for asset management.
Filing History
IRS 990 filing history for Streets Hope showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Streets Hope's revenue has grown by 714.9%, moving from $115K to $938K. Total assets decreased by 70.6% over the same period, from $413K to $121K. Total functional expenses rose by 589.2%, from $141K to $969K. In its most recent filing year (2023), Streets Hope reported a deficit of $31K, with expenses exceeding revenue. The organization holds $199K in liabilities against $121K in assets (debt-to-asset ratio: 164.0%), resulting in net assets of $-77,573.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $938K | $969K | $121K | $199K | — | View 990 |
| 2022 | $649K | $637K | $34K | $80K | — | — |
| 2021 | $402K | $512K | $351K | $413K | — | View 990 |
| 2020 | $290K | $313K | $53K | $6K | — | View 990 |
| 2019 | $112K | $346K | $78K | $8K | — | View 990 |
| 2018 | $351K | $284K | $308K | $3K | — | View 990 |
| 2017 | $274K | $300K | $449K | $210K | — | View 990 |
| 2016 | $279K | $228K | $484K | $219K | — | View 990 |
| 2015 | $215K | $202K | $444K | $229K | — | View 990 |
| 2014 | $178K | $172K | $442K | $241K | — | View 990 |
| 2013 | $173K | $135K | $444K | $248K | — | View 990 |
| 2012 | $142K | $131K | $421K | $262K | — | View 990 |
| 2011 | $115K | $141K | $413K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $938K, expenses of $969K, and assets of $121K (revenue +44.6% year-over-year).
- 2022: Revenue of $649K, expenses of $637K, and assets of $34K (revenue +61.3% year-over-year).
- 2021: Revenue of $402K, expenses of $512K, and assets of $351K (revenue +38.6% year-over-year).
- 2020: Revenue of $290K, expenses of $313K, and assets of $53K (revenue +159.1% year-over-year).
- 2019: Revenue of $112K, expenses of $346K, and assets of $78K (revenue -68.1% year-over-year).
- 2018: Revenue of $351K, expenses of $284K, and assets of $308K (revenue +28.2% year-over-year).
- 2017: Revenue of $274K, expenses of $300K, and assets of $449K (revenue -1.9% year-over-year).
- 2016: Revenue of $279K, expenses of $228K, and assets of $484K (revenue +30.0% year-over-year).
- 2015: Revenue of $215K, expenses of $202K, and assets of $444K (revenue +20.9% year-over-year).
- 2014: Revenue of $178K, expenses of $172K, and assets of $442K (revenue +2.9% year-over-year).
- 2013: Revenue of $173K, expenses of $135K, and assets of $444K (revenue +21.5% year-over-year).
- 2012: Revenue of $142K, expenses of $131K, and assets of $421K (revenue +23.4% year-over-year).
- 2011: Revenue of $115K, expenses of $141K, and assets of $413K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Streets Hope:
Data Sources and Methodology
This transparency report for Streets Hope 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.