Hope & Main
Only null% goes to programs Thin reserves Growing revenue
Hope & Main is a 501(c)(3) organization based in Warren, Rhode Island, registered in 2014, with $1,858,043 in FY2023 revenue. CharityIndex grades it D.
691 Main St, Warren, RI, 02885 EIN 27-2917974 Since 2014
Revenue (FY2023)
$1.9M
▲ 12.4% vs prior year
Community median: $184K
Expenses (FY2023)
$2.0M
Net assets
-$783K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Hope & Main— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -8% 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 Hope & Main: 0 mo reserves · -8% margin earns a D 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 Hope & Main— 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 Hope & Main: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 691 Main St, Warren, RI, 02885
- City
- Warren
- State
- Rhode Island
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $339K (FY2014) to $1.9M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.7MNet assets -$783K
Operating margin
-7.5%
Spent more than it raised in the latest fiscal year.
Total assets
$2.9M
Total liabilities
$3.7M
Net assets
-$783K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,858,043▲12.4% | $1,997,698▲23.9% | -$782,519▼4.2% | $2,877,570▲16.0% | 990 |
| 2022 | $1,653,386▲36.8% | $1,611,836▲27.2% | -$751,064▲7.1% | $2,480,495▼1.8% | 990 |
| 2021 | $1,208,253▲19.9% | $1,267,540▲13.1% | -$808,463▼7.9% | $2,526,610▲3.8% | 990 |
| 2020 | $1,007,450▲5.1% | $1,120,546▲8.0% | -$749,176▼17.8% | $2,435,267▼7.5% | 990 |
| 2019 | $958,442▲23.8% | $1,037,176▲10.9% | -$636,080▼14.1% | $2,633,590▲2.8% | 990 |
| 2018 | $774,079▲1.5% | $934,858▲5.2% | -$557,346▼40.5% | $2,561,774▼4.2% | 990 |
| 2017 | $762,511▼16.8% | $888,974▲1.8% | -$396,567▼46.8% | $2,675,258▼5.9% | 990 |
| 2016 | $916,675▲171% | $873,065▲84.3% | -$270,104▼355% | $2,841,938▼10.6% | 990 |
| 2014 | $338,521 | $473,755 | -$59,310 | $3,178,848 | 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.
Grants received · $620K total
16 grants to Hope & Main totaling $620K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Es - economic security (primary) | 2024 | $145,000 |
| The Blackbaud Giving Fund | General support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| The Rhode Island Community Foundation | Basic human needs | 2023 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $7,050 |
| The Rhode Island Community Foundation | General operating support | 2022 | $75,000 |
| Local Initiatives Support Corporation | See part iv | 2022 | $53,500 |
| The Blackbaud Giving Fund | General support | 2022 | $20,000 |
| The Rhode Island Community Foundation | Nourish our neighbors program | 2022 | $10,000 |
| The Rhode Island Community Foundation | Capital campaign strategy for west end providence facility | 2022 | $10,000 |
| The Rhode Island Community Foundation | Covid-19 vaccination incentive fund grant; community meals project; providing essential food security support to east bay partners in response to covid impacts on vulnerable populations; nourish our neighbors: serving women & their children in ri domestic violence shelters | 2021 | $64,007 |
| The Rhode Island Community Foundation | Nourish our neighbors (east bay) | 2020 | $75,000 |
| The Rhode Island Community Foundation | Nourish our neighbors (east bay) | 2020 | $75,000 |
| The Rhode Island Community Foundation | Continued support for readying investment prepared entrepreneurs (the ripe program) and development of a five year strategic plan for hope & main | 2019 | $25,000 |
| The Rhode Island Community Foundation | Financial resiliency program | 2019 | $10,000 |
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Frequently asked questions
- Is Hope & Main a legitimate nonprofit?
- Yes. Hope & Main is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-2917974, based in Warren, Rhode Island. Donations are tax-deductible.
- What is Hope & Main's EIN?
- Hope & Main's Employer Identification Number (EIN) is 27-2917974.
- How much revenue does Hope & Main report?
- Hope & Main reported $1,858,043 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Hope & Main have?
- CharityIndex grades Hope & Main D, based on financial health (reserves and operating margin).
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Explore more
Data for Hope & Main (EIN 27-2917974) 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.