Speros Hope INC FY2022 filing

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Spero's Hope is an organization dedicated to helping hourly workers in the new york city area become more economically self-sufficient by preparing them for better employment opportunities

501(c)(3) charity; gifts are tax-deductible.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $153K a year · 69% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$30K
to officers and key staff · 62% of spending
Concern: pay to officers and key staff is 62% of spending; over 30%.
990-PF Pt VIII
41 mo
of spending, in cash
Plus $790K in investments, Pt X · Ln 11–13
Looks good: 40.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$754
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$106K
-110% vs prior year
Spent
$49K
Net assets
$961K
By yearFY2020–FY2025
Revenue
−$106K
FY2022▼ -110%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$1.1M
FY2022−$106K
FY2023$57K
FY2024$36K
FY2025$52K
Expenses
$49K
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$48K
FY2022$49K
FY2023$149K
FY2024$25K
FY2025$72K
Net assets
$961K
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$129K
FY2021$1.2M
FY2022$961K
FY2023$865K
FY2024$870K
FY2025$851K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 11% · $5K Operating & administrative 89% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
Program Manager
$30,160Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President/Secr
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Jonathan Baumgarten$30,160$30,160

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Speros Hope INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares hourly workers for better jobs, increasing their economic self-sufficiency.

Questions for Speros Hope INC

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1 program · $40K · in their own filed words · FY2022
01

Contributions to ny food pantries

$40Kprogram expense

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 1 grant · $50K · 2025–2025
Long Island UniversityFY2025$50,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$50K
Median grantPart XV$50K
Largest grantPart XV$50K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
−$106K
Ln 12
Gifts and grantsLn 1h$25K
Investment incomeLn 3$16K
Money outPt IX
$49K
Ln 25
Grants paid$5K
Running costs$43K
Owns and owesPt X
$961K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$962K
LiabilitiesLn 26$754
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Investment incomeLn 3$16K
Gains on assetsLn 7−$148K
Total revenueLn 12−$106K
Assets in detailPt X, end of year
CashLn 1$166K
SavingsLn 2$0
Cash and savings togetherLn 1–2$166K
InvestmentsLn 11–13$790K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$962K
LiabilitiesLn 26$754
Net assetsLn 32$961K
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$159K$166K
InvestmentsLn 11–13$1.0M$790K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.2M$962K
LiabilitiesLn 26$2K$754
Net assetsLn 32$1.2M$961K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$30K$30K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$508$508
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$101$101
Office expensesLn 13$620$620
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$343$343
Other expenses (24a–d)Ln 24$7K$7K$258
All other expensesLn 24e$16$16
Total functional expensesLn 25$49K$40K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 1, 2026 $52K$72K−$19K$851K 990 PDF
FY2024Filed with the IRS May 15, 2025 $36K$25K$11K$870K 990 PDF
FY2023Filed with the IRS May 13, 2025 $57K$149K−$92K$865K 990 PDF
FY2022 ViewingFiled with the IRS May 22, 2023 −$106K$49K−$155K$961K 990 PDF
FY2021Filed with the IRS Sep 14, 2022 $1.1M$48K$1.0M$1.2M 990 PDF
FY2020Filed with the IRS May 13, 2021 $51K$129K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary −$106,399 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000,048$25,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $67,518−$131,443
I-11 Other revenue$44
I-12 Total revenuePrior year $1,067,566−$106,399
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $32,960$32,827
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $14,700$15,782
I-18 Total expensesPrior year $47,660$48,609
I-19 Revenue less expensesPrior year $1,019,906−$155,008
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue −$106,399 across 9 lines filed
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-3 Investment incomeRelated to mission $16,439$16,439
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$147,882−$147,882
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $44$44
VIII-12 Total revenueRelated to mission −$131,443 · Excluded from tax $44−$106,399
Part IX · Statement of functional expenses $48,609 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $30,160$30,160
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,667$2,667
IX-11a Management fees$0
IX-11b Legal feesManagement $508$508
IX-11c Accounting feesManagement $3,255$3,255
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $1,076$1,076
IX-12 Advertising and promotionManagement $101$101
IX-13 Office expensesManagement $620$620
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $2,408$2,408
IX-23 InsuranceManagement $343$343
IX-24 Other expenses (24a–d)Programs $7,197 · Management $258$7,455
IX-24e All other expensesPrograms $16$16
IX-25 Total functional expensesPrograms $40,040 · Management $8,569 · Fundraising $0$48,609
Part X · Balance sheet $961,641 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $158,922$165,687
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,003,283$789,854
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $1,345$6,100
X-15 Other assets$0
X-16 Total assetsStart of year $1,163,550$961,641
X-25 Other liabilities$754
X-26 Total liabilitiesStart of year $1,671$754
X-27 Net assets without donor restrictionsStart of year $1,161,879$960,887
X-32 Total net assets or fund balancesStart of year $1,161,879$960,887
X-33 Total liabilities and net assetsStart of year $1,163,550$961,641
Part XI · Reconciliation of net assets $960,887 net assets at year end
XI-1 Total revenue−$106,399
XI-2 Total expenses$48,609
XI-3 Revenue less expenses−$155,008
XI-4 Net assets at start of year$1,161,879
XI-5 Net unrealized gains (losses) on investments−$20,358
XI-7 Investment expenses−$7,977
XI-8 Prior period adjustments−$17,649
XI-10 Net assets at end of year$960,887

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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