Hope Foundation For A Better Tomorrow Inc
Only null% goes to programs Strong reserves Declining revenue
Hope Foundation For A Better Tomorrow Inc is a 501(c)(3) organization based in Riviera Beach, Florida, registered in 2011, with $24,176 in FY2024 revenue. CharityIndex grades it B.
5420 N Ocean Dr Apt 1101, Riviera Beach, FL, 33404 EIN 45-1240685 Since 2011
Revenue (FY2024)
$24K
▼ 35.2% vs prior year
Youth median: $163K
Expenses (FY2024)
$18K
Net assets
$406K
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 Hope Foundation For A Better Tomorrow 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 rating275 mo reserves · +27% 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 Foundation For A Better Tomorrow Inc: 275 mo reserves · +27% 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 Foundation For A Better Tomorrow 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 Hope Foundation For A Better Tomorrow Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5420 N Ocean Dr Apt 1101, Riviera Beach, FL, 33404
- City
- Riviera Beach
- State
- Florida
- Category
- Youth Development
- Subcategory
- Youth Development Programs
- Website
- …
Financial trends
Revenue declined from $173K (FY2014) to $24K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $406K
Operating margin
26.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$406K
Total liabilities
$0
Net assets
$406K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $24,176▼35.2% | $17,715▼9.4% | $406,264▲1.6% | $406,264▲1.6% | 990 |
| 2023 | $37,311▲725% | $19,552▲2.9% | $399,803▲4.6% | $399,803▲4.6% | 990 |
| 2022 | $4,520▼85.6% | $18,992▲52.2% | $382,044▼3.6% | $382,044▼3.6% | 990 |
| 2021 | $31,329▼76.0% | $12,479▼38.7% | $396,516▲5.0% | $396,516▲5.0% | 990 |
| 2020 | $130,662▲116% | $20,346▼31.0% | $377,666▲41.3% | $377,666▲41.3% | 990 |
| 2019 | $60,568▲7.5% | $29,471▼0.7% | $267,350▲13.2% | $267,350▲13.2% | 990 |
| 2018 | $56,357▼26.7% | $29,669▼31.8% | $236,253▲12.7% | $236,253▲12.7% | 990 |
| 2017 | $76,901▼38.8% | $43,524▼43.0% | $209,565▲18.9% | $209,565▲18.9% | 990 |
| 2016 | $125,690▼27.3% | $76,354▼41.7% | $176,188▲62.1% | $176,188▲62.1% | 990 |
| 2014 | $172,978 | $131,009 | $108,672 | $108,672 | 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.
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Frequently asked questions
- Is Hope Foundation For A Better Tomorrow Inc a legitimate nonprofit?
- Yes. Hope Foundation For A Better Tomorrow Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-1240685, based in Riviera Beach, Florida. Donations are tax-deductible.
- What is Hope Foundation For A Better Tomorrow Inc's EIN?
- Hope Foundation For A Better Tomorrow Inc's Employer Identification Number (EIN) is 45-1240685.
- How much revenue does Hope Foundation For A Better Tomorrow Inc report?
- Hope Foundation For A Better Tomorrow Inc reported $24,176 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hope Foundation For A Better Tomorrow Inc have?
- CharityIndex grades Hope Foundation For A Better Tomorrow Inc B, based on financial health (reserves and operating margin).
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Data for Hope Foundation For A Better Tomorrow Inc (EIN 45-1240685) 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.