Hopelab Foundation Inc

Nonprofit profile at a glance

EIN
770560011
IRS 990-PF coverage
2010–2024
Forms available
Form 990-PF 2024
Location
San Francisco, CA, USA
Phone
4158188400
Rating
74
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Specifically Named Diseases Research

Reported finances

Revenue
$26,262,011
Expenses
$17,528,750

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Specifically Named Diseases Research

What it reported funding in 2024

The foundation reported 46 grants totaling $4,253,767. The stated grant purposes included gift - to support array education inc. hopelabs gift is intended as unrestricted general operating support of your organizations valuable mission to supporting, connecting and investing in teaching and learning projects for the youth., gift - intended as unrestricted general operating support of your organizations valuable mission to supporting, connecting and investing in teaching and learning projects for the youth., and support responsible technology youth power fund, plus 22 other reported purposes.

Operating model

Revenue model
Donor-supported. 99% of the foundation's positive operating resources came from contributions.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 25
  • Transparency: 100
  • Compliance: 92
  • Endowment Health: 8

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 98th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 25.4%; rating input score 25; 9th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 16 of 19 controls in place; rating input score 84
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Fail
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 6.13; rating input score 8; 8th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 8th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 59 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Cost Efficiency: Grant expense ratio scored 25/100.
  • High — Endowment Health: Endowment-health comparison scored 8/100.
  • Review — Compliance: Part VII-B activity disclosures: 3 of 19 not reported.