Quick charity verification for Building Hope Foundation Inc (EIN: 201819560)
Verdict: Building Hope Foundation Inc appears trustworthy
85/100Mission Score
$77KRevenue
$102KAssets
1Red Flags
4Strengths
Red Flags
Highly fluctuating revenue, potentially indicating reliance on inconsistent funding sources.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency.
Healthy asset-to-liability ratio, demonstrating strong financial solvency (e.g., $90,362 assets vs. $1,000 liabilities in 202212).
Consistent filing of IRS Form 990s over a decade, showing commitment to transparency.
Generally operates with a surplus or small deficit, indicating prudent financial management.
Spending Breakdown
How Building Hope Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Foundation Inc
Is Building Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Hope Foundation Inc (EIN: 201819560) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Building Hope Foundation Inc a good charity to donate to?
Building Hope Foundation Inc has a Mission Score of 85/100. Revenue: $77K. Assets: $102K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Building Hope Foundation Inc?
The Employer Identification Number (EIN) for Building Hope Foundation Inc is 201819560. 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 Foundation Inc spend its money?
Building Hope Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Building Hope Foundation Inc's tax-exempt status?
You can verify Building Hope Foundation Inc's tax-exempt status using EIN 201819560 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 Foundation Inc. appears to be a small, community-focused nonprofit with fluctuating but generally stable financial health. In its latest filing (202212), the organization reported revenue of $81,483 against expenses of $77,963, indicating a slight surplus. Over the past decade, revenue has varied significantly, from a low of $5,441 in 201112 to a high of $81,483 in 202212, suggesting reliance on periodic fundraising efforts or grants. The organization consistently maintains a healthy asset base relative to its revenue, with $90,362 in assets in 202212 and minimal liabilities, indicating good financial stewardship and solvency.
The organization demonstrates strong spending efficiency, as evidenced by its consistent reporting of 0% officer compensation across all available filings. This suggests that resources are primarily directed towards its mission rather than executive salaries. While specific program spending percentages are not detailed in the provided summary, the absence of executive compensation is a positive indicator of efficiency. The organization's consistent filing of IRS Form 990s over a decade also points to a commitment to transparency, allowing public scrutiny of its financial activities.
Overall, Building Hope Foundation Inc. exhibits characteristics of a well-managed small nonprofit. Its ability to operate with minimal liabilities and no reported executive compensation, while maintaining a positive asset balance, speaks to a prudent financial approach. The fluctuating revenue, however, might suggest a need for more diversified or consistent funding streams to ensure long-term stability and growth.