Hope E Farone Tr
Only null% goes to programs Strong reserves Growing revenue
Hope E Farone Tr is a 501(c)(3) organization based in Oneonta, New York, registered in 2008, with $33,771 in FY2024 revenue. CharityIndex grades it C+.
Po Box 430, Oneonta, NY, 13820 EIN 20-6596621 Since 2008
Revenue (FY2024)
$34K
▲ 92.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$22K
Net assets
$293K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 E Farone Tr— 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 rating162 mo reserves · +36% 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 E Farone Tr: 162 mo reserves · +36% 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 Hope E Farone Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 E Farone Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 430, Oneonta, NY, 13820
- City
- Oneonta
- State
- New York
- Subcategory
- Philanthropy & Charity Promotion
Financial trends
Revenue grew from $11K (FY2013) to $34K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $293K
Operating margin
35.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$293K
Total liabilities
$0
Net assets
$293K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $33,771▲92.1% | $21,662▼3.4% | $292,836▲4.3% | $292,836▲4.3% | 990PF |
| 2023 | $17,579▲86.0% | $22,436▼9.5% | $280,732▼1.7% | $280,732▼1.7% | 990PF |
| 2022 | $9,453▼55.6% | $24,792▲4.0% | $285,545▼5.1% | $285,545▼5.1% | 990PF |
| 2021 | $21,282▲59.0% | $23,828▼0.7% | $300,970▼0.8% | $300,970▼0.8% | 990PF |
| 2020 | $13,384▼45.9% | $24,008▲0.2% | $303,516▼3.4% | $303,516▼3.4% | 990PF |
| 2019 | $24,725▲49.9% | $23,957▼0.7% | $314,140▲0.2% | $314,140▲0.2% | 990PF |
| 2018 | $16,496▼46.6% | $24,131▼1.5% | $313,372▼2.4% | $313,372▼2.4% | 990PF |
| 2017 | $30,894▲153% | $24,509▲44.7% | $321,007▲2.0% | $321,007▲2.0% | 990PF |
| 2016 | $12,210▼19.1% | $16,941▲48.4% | $314,622▼1.5% | $314,622▼1.5% | 990PF |
| 2015 | $15,097▼29.9% | $11,414▼9.4% | $319,353▲1.2% | $319,353▲1.2% | 990PF |
| 2014 | $21,532▲91.4% | $12,597▼46.0% | $315,670▲2.9% | $315,670▲2.9% | 990PF |
| 2013 | $11,249 | $23,317 | $306,735 | $306,735 | 990PF |
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.
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Frequently asked questions
- Is Hope E Farone Tr a legitimate nonprofit?
- Yes. Hope E Farone Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-6596621, based in Oneonta, New York. Donations are tax-deductible.
- What is Hope E Farone Tr's EIN?
- Hope E Farone Tr's Employer Identification Number (EIN) is 20-6596621.
- How much revenue does Hope E Farone Tr report?
- Hope E Farone Tr reported $33,771 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hope E Farone Tr have?
- CharityIndex grades Hope E Farone Tr C+, based on financial health (reserves and operating margin).
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Data for Hope E Farone Tr (EIN 20-6596621) 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.