Hope for Our Future Incorporated
Nonprofit profile at a glance
- EIN
- 833351662
- IRS 990-EZ coverage
- 2022–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2020
- Location
- Brooklyn, NY, USA
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $7,150
- Expenses
- $4,600
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Danielle Johnson (President)
- Patrick Johnson (Vice President)
People named in this filing
- Danielle Johnson (President)
- Patrick Johnson (Vice President)
- Emily Charles (Coordinator)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitable organizations
What it reported doing in 2023
Assisting migrants with clothing
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 82
- Sustainability: 47
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.8%; rating input score 69
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 35.7%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -63.5% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -28.2% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: Limited
Details
- Where the money goes: 68.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $5K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 4 of 6 current checks pass · 2 findings to review
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2022 to 2023
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.