H O P E Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
H O P E Inc is a 501(c)(3) organization based in New London, Connecticut, registered in 1994, with $752,128 in FY2024 revenue. CharityIndex grades it B.
187 Williams St, New London, CT, 06320 EIN 06-1269812 Since 1994
Revenue (FY2024)
$752K
▲ 195.2% vs prior year
Expenses (FY2024)
$231K
Net assets
$2.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for H O P E Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating144 mo reserves · +69% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For H O P E Inc: 144 mo reserves · +69% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for H O P E Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For H O P E Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 187 Williams St, New London, CT, 06320
- City
- New London
- State
- Connecticut
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $416K (FY2013) to $752K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22KNet assets $2.8M
Operating margin
69.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.8M
Total liabilities
$22K
Net assets
$2.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $752,128▲195% | $230,776▲7.7% | $2,760,668▲23.3% | $2,782,823▲23.3% | 990 |
| 2023 | $254,743▲2638% | $214,241▲2.4% | $2,239,316▲2.2% | $2,257,470▲1.4% | 990 |
| 2022 | -$10,039▼102% | $209,264▲3.5% | $2,190,729▼7.8% | $2,226,485▼8.2% | 990 |
| 2021 | $435,116▲188% | $202,133▲1.2% | $2,374,802▲11.5% | $2,426,134▲11.6% | 990 |
| 2020 | -$496,655▼380% | $199,740▲1.2% | $2,129,219▼24.6% | $2,173,806▼24.1% | 990 |
| 2019 | $177,322▼63.9% | $197,300▲14.9% | $2,824,114▼0.4% | $2,863,610▼0.4% | 990 |
| 2018 | $491,763▲553% | $171,749▼2.2% | $2,835,826▲12.7% | $2,873,978▲12.8% | 990 |
| 2017 | -$108,450▼51.2% | $175,594▲0.7% | $2,515,812▼10.1% | $2,547,821▼9.8% | 990 |
| 2016 | -$71,722▼113% | $174,365▲3.2% | $2,799,856▼8.5% | $2,825,800▼8.2% | 990 |
| 2015 | $539,578▲625% | $169,026▲8.7% | $3,060,199▲14.0% | $3,077,866▲13.7% | 990 |
| 2014 | -$102,714▼125% | $155,554▲1.6% | $2,683,259▼8.8% | $2,707,159▼8.5% | 990 |
| 2013 | $415,742 | $153,121▲6.2% | $2,941,527▲11.0% | $2,957,959▲11.0% | 990 |
| 2012 | — | $144,243 | $2,649,656 | $2,664,534 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is H O P E Inc a legitimate nonprofit?
- Yes. H O P E Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-1269812, based in New London, Connecticut. Donations are tax-deductible.
- What is H O P E Inc's EIN?
- H O P E Inc's Employer Identification Number (EIN) is 06-1269812.
- How much revenue does H O P E Inc report?
- H O P E Inc reported $752,128 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does H O P E Inc have?
- CharityIndex grades H O P E Inc B, based on financial health (reserves and operating margin).
More nonprofits in New London
Explore more
Data for H O P E Inc (EIN 06-1269812) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.