Hope On A String
Only null% goes to programs Growing revenue
Hope On A String is a 501(c)(3) organization based in Reading, Massachusetts, registered in 2012, with $291,641 in FY2024 revenue. CharityIndex grades it C+.
88 King St, Reading, MA, 01867 EIN 27-4651878 Since 2012
Revenue (FY2024)
$292K
▼ 1.4% vs prior year
International median: $227K
Expenses (FY2024)
$353K
Net assets
$145K
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 On A String— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating5 mo reserves · -21% 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 On A String: 5 mo reserves · -21% margin earns a C+ 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 On A String— 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 On A String: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 88 King St, Reading, MA, 01867
- City
- Reading
- State
- Massachusetts
- Subcategory
- International Development & Relief
- Website
- …
Financial trends
Revenue declined from $324K (FY2013) to $292K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $939Net assets $145K
Operating margin
-21.0%
Spent more than it raised in the latest fiscal year.
Total assets
$146K
Total liabilities
$939
Net assets
$145K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $291,641▼1.4% | $352,943▼41.1% | $144,819▼29.7% | $145,758▼34.6% | 990 |
| 2023 | $295,811▼52.3% | $598,937▲13.3% | $206,121▼58.6% | $222,775▼56.5% | 990 |
| 2022 | $620,017▲167% | $528,676▲5.4% | $498,210▲22.4% | $511,873▲18.2% | 990 |
| 2021 | $232,646▼64.2% | $501,654▲10.3% | $406,887▼39.8% | $433,185▼38.3% | 990 |
| 2020 | $649,302▼11.0% | $454,736▼18.9% | $675,895▲40.4% | $702,194▲42.0% | 990 |
| 2019 | $729,629▲20.6% | $560,551▼6.2% | $481,329▲54.2% | $494,648▲51.9% | 990 |
| 2018 | $604,754▲12.7% | $597,290▲18.3% | $312,209▲2.5% | $325,612▲2.5% | 990 |
| 2017 | $536,702▲6.2% | $504,774▲21.6% | $304,654▲11.8% | $317,766▲11.4% | 990 |
| 2016 | $505,462▲27.3% | $415,033▲34.6% | $272,460▲49.7% | $285,171▲50.9% | 990 |
| 2015 | $397,158▲48.2% | $308,329▼7.5% | $182,019▲102% | $189,023▲93.0% | 990 |
| 2014 | $267,930▼17.4% | $333,417▲17.0% | $90,272▼42.0% | $97,916▼40.3% | 990 |
| 2013 | $324,489 | $284,957▲46.1% | $155,759▲34.0% | $164,095▲35.2% | 990 |
| 2012 | — | $195,071 | $116,227 | $121,406 | 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 · $359K total
14 grants to Hope On A String totaling $359K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $17,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $17,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $31,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $31,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $18,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $46,550 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - international social services | 2019 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $44,660 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - international social services | 2018 | $25,000 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf -international social services | 2017 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $37,300 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - international social services | 2016 | $22,500 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - peace & international relations | 2015 | $22,500 |
| Combined Jewish Philanthropies of Greater Boston Inc | Donor advised fd international social services | 2014 | $10,000 |
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Frequently asked questions
- Is Hope On A String a legitimate nonprofit?
- Yes. Hope On A String is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-4651878, based in Reading, Massachusetts. Donations are tax-deductible.
- What is Hope On A String's EIN?
- Hope On A String's Employer Identification Number (EIN) is 27-4651878.
- How much revenue does Hope On A String report?
- Hope On A String reported $291,641 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hope On A String have?
- CharityIndex grades Hope On A String C+, based on financial health (reserves and operating margin).
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Data for Hope On A String (EIN 27-4651878) 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.