Is Boone Hope Foundation Legit?

Strengths

Consistent asset growth, from $49,110 in 2014 to $218,066 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency.
Consistently positive net income in most years, with revenue exceeding expenses (e.g., 2023 revenue $53,496 vs. expenses $33,836).
No reported liabilities, demonstrating strong financial management and a debt-free status.
Strong financial reserves, with assets significantly exceeding annual revenue.

Spending Breakdown

How Boone Hope Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Boone Hope Foundation

Is Boone Hope Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Boone Hope Foundation (EIN: 204205163) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Boone Hope Foundation a good charity to donate to?

Boone Hope Foundation has a Mission Score of 92/100. Revenue: $52K. Assets: $215K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Boone Hope Foundation?

The Employer Identification Number (EIN) for Boone Hope Foundation is 204205163. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Boone Hope Foundation spend its money?

Boone Hope Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Boone Hope Foundation's tax-exempt status?

You can verify Boone Hope Foundation's tax-exempt status using EIN 204205163 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Boone Hope Foundation demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. In 2023, the organization reported $218,066 in assets against $53,496 in revenue, indicating a strong reserve. The foundation consistently spends less than its revenue, as seen in 2023 where expenses were $33,836 against $53,496 in revenue, allowing for asset growth. This trend of positive net income contributes to its long-term sustainability.

The organization appears to be highly efficient in its operations, with no reported officer compensation across all available filings, suggesting a volunteer-driven or very lean administrative structure. This lack of executive compensation is a significant positive indicator for donor confidence, as more funds are likely directed towards its mission. The consistent absence of liabilities further underscores a fiscally responsible approach.

While specific program spending details are not provided in the summary data, the overall financial health, asset growth, and zero executive compensation point to a well-managed and transparent organization. The consistent growth in assets from $49,110 in 2014 to $218,066 in 2023, alongside generally positive net income years, suggests effective financial stewardship and a strong commitment to building long-term capacity.

Verdict: Boone Hope Foundation appears trustworthy