Fluctuating financial performance with periods of significant deficit spending (e.g., 201712 expenses $97,439 vs revenue $57,954).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
Declining assets from a peak of $120,861 in 201512 to $41,967 in 202112.
Strengths
Consistent filing of IRS 990 forms, indicating basic financial transparency.
Zero reported liabilities across all filings, suggesting no outstanding debt.
No reported officer compensation, which can indicate efficient use of funds for mission-related activities.
Spending Breakdown
How Brad Hofen Ministries Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Brad Hofen Ministries Inc
Is Brad Hofen Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brad Hofen Ministries Inc (EIN: 202034574) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Brad Hofen Ministries Inc a good charity to donate to?
Brad Hofen Ministries Inc has a Mission Score of 65/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brad Hofen Ministries Inc?
The Employer Identification Number (EIN) for Brad Hofen Ministries Inc is 202034574. 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 Brad Hofen Ministries Inc spend its money?
Brad Hofen Ministries Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brad Hofen Ministries Inc's tax-exempt status?
You can verify Brad Hofen Ministries Inc's tax-exempt status using EIN 202034574 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
Brad Hofen Ministries Inc. appears to be a small, faith-based organization with fluctuating financial activity over the past decade. The most recent filing (202112) shows revenue of $57,023 and expenses of $47,292, resulting in a surplus for that period. However, prior years, such as 201812 and 201712, show expenses significantly exceeding revenue ($68,685 vs. $44,962 and $97,439 vs. $57,954, respectively), indicating periods of deficit spending. The organization's assets have also varied, peaking at $120,861 in 201512 and declining to $41,967 by 202112. The consistent reporting of zero liabilities across all available filings suggests a healthy balance sheet in terms of debt, which is a positive indicator for financial stability.
Given the provided data, there is no information on the breakdown of expenses into program, administrative, or fundraising categories, which limits the ability to assess spending efficiency. The absence of reported officer compensation across all filings suggests either a volunteer-led organization or that compensation falls below reporting thresholds, which can be a sign of efficient use of funds. However, without detailed expense categories, a comprehensive assessment of how efficiently donations are converted into programmatic impact is not possible. The organization consistently files its IRS 990, demonstrating a basic level of transparency regarding its financial operations.