Hope Ignites New York
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Boys Hope Girls Hope of NY provides housing and educational assistance for at risk, motivated and educationally capable inner-city youth. Thesechildren are placed in a family environment that allows them to mature and succeed through guidance, education, financial support andencouragement.
- Income
- $2.5 million
- Spending
- $2.3 million
- Spent on programs
- 71%
- Reserves
- 11.4 months of spending
- Largest source of income
- donations and private grants, 94%
- Employees
- 55
- Volunteers
- 54
- Highest pay
- $200,615, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 74 out of 100.
Reserves
28 of 35Spendable reserves would cover 11.4 months of spending.
Debt
16 of 20It owes 17% of what it owns.
Living within its means
15 of 15Income exceeded spending by 8% of income.
Income trend
0 of 15Income fell 40% on the year before.
Spending floor
15 of 1571% of spending went to programs and raising each dollar of donations cost 15 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100.
Independent board
25 of 2525 of 25 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $1.6 million spent. Our Scholar's academic achievement made for another year of great academic success. Our senior class (7 scholars) for the tenth year in a row received 100%acceptance into four-year colleges and universities. In total, they earned 87 acceptances to 55 different schools and nearly 1.3 million dollars in college scholarshipsand grant. Colleges that Class of 2021 will be matriculating in the fall include University at Buffalo, Messiah University, Villanove University, Buffalo State College,Macaulaly Honors at Brooklyn Colege, University at Albany, among others. Despite the challenges that our scholars have faced and continue to face in their lives,they consistently show the grit and determination to succeed. Their hard work, resilience, resolve, and accomplishments inspire us all, and we are grateful for thesupport of our donors, stakeholders, and community partners who share our belief that motivated youth can overcome significant barriers and develop their inherenttalents when surrounded by strong relationships and opportunities for enrichment in an environment that empowers them and allows them to focus on theirstrengths. Snapshot of the Years Success:87% College Retention Rate (Class of 2016-Class of 2019). 58 collegians out of 67 are on track to graduate within 4 years.100% of our 7 graduating scholars were accepted into 4-year colleges. Combined, they received 87 acceptances to 55 different schools. 5 out of 7 had their fullfinancial need met, 4 out of 7 received full scholarships to one more collegeOur graduating class earned nearly 1.3 million dollars in grant and scholarship aid.
- Supporting Scholars To and Through Post-Secondary Education. We leverage the transformative power of education to help our scholars realize their goals. This includes providing opportunities to connect scholars to college, internships, and career tracks earlier in their lives through our Envision U week-long event, while also providing standardized test prep and support with college selection, applications, campus visits, and student aid applications, all done in significant collaboration with our university partners. We also assist graduating high school seniors with College Transition Plans that include financial planning, and collegians with College Persistence Plans that include check-ins with college success team members. To further help scholars stay on track in post-secondary education, we join forces with affiliates to reduce debt by providing scholarship support. Eligible scholars are enrolled in 15 credit hours and earn a 2.5 or higher GPA. In addition to our high college persistence rates, more than 80% of our collegians are at or below the threshold of $5,500 of debt per year, compared to the national annual average of approximately $10,000 (calculated using Student Loan Hero's four-year estimate of $39,400).
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Worth knowing.
Not individually listed by the IRS as eligible, which is usual for local chapters covered by a parent organization's exemption. The master file records contributions to it as deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1979.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.