Quick charity verification for Building Hope Finance (EIN: 200367954)
Verdict: Building Hope Finance appears trustworthy
90/100Mission Score
$16.9MRevenue
$192.9MAssets
1Red Flags
3Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $39M in 2023, $8M in 2022, $16M latest period) could indicate reliance on large, infrequent grants or investments rather than consistent funding streams.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong fiscal discipline at the executive level.
Substantial and consistent growth in assets, from $45,663,862 in 2011 to $192,949,307 currently, demonstrating long-term financial health.
Significant revenue generation capacity, evidenced by the $39,416,508 revenue in 2023 and $16,881,039 in the latest period.
Spending Breakdown
How Building Hope Finance allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Building Hope Finance
Is Building Hope Finance a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Hope Finance (EIN: 200367954) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
Is Building Hope Finance a good charity to donate to?
Building Hope Finance has a Mission Score of 90/100. Revenue: $16.9M. Assets: $192.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Building Hope Finance?
The Employer Identification Number (EIN) for Building Hope Finance is 200367954. 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 Building Hope Finance spend its money?
Building Hope Finance allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Building Hope Finance's tax-exempt status?
You can verify Building Hope Finance's tax-exempt status using EIN 200367954 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
Building Hope Finance demonstrates a strong financial position with substantial and growing assets, reaching $192,949,307 in the latest period. The organization has shown significant revenue growth, particularly in 2023, where revenue surged to $39,416,508 from $8,210,610 in 2022. This indicates robust fundraising or investment performance. While specific program spending percentages are not detailed in the provided data, the consistent reporting of zero officer compensation across all filings suggests a commitment to minimizing administrative overhead at the executive level, which is a positive indicator for spending efficiency and transparency. The organization's liabilities have also increased alongside assets, which is common for organizations managing significant capital projects or investments, but the overall asset growth outpaces liability growth, indicating financial stability.