Quick charity verification for Climb For Hope Inc (EIN: 204672910)
Verdict: Climb For Hope Inc appears trustworthy
85/100Mission Score
$145KRevenue
$64KAssets
1Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in the latest fiscal period (2023), leading to a decrease in net assets.
Strengths
Consistent 0% officer compensation across all reported periods.
Significant revenue growth over the past decade, indicating increasing support.
Consistent filing of IRS 990 forms, demonstrating transparency.
Spending Breakdown
How Climb For Hope Inc 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 Climb For Hope Inc
Is Climb For Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Climb For Hope Inc (EIN: 204672910) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Climb For Hope Inc a good charity to donate to?
Climb For Hope Inc has a Mission Score of 85/100. Revenue: $145K. Assets: $64K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Climb For Hope Inc?
The Employer Identification Number (EIN) for Climb For Hope Inc is 204672910. 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 Climb For Hope Inc spend its money?
Climb For Hope Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Climb For Hope Inc's tax-exempt status?
You can verify Climb For Hope Inc's tax-exempt status using EIN 204672910 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
Climb For Hope Inc. demonstrates a generally stable financial history, with revenues fluctuating but showing a growth trend over the past decade, from $15,220 in 2014 to $170,512 in 2023. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of donor funds and a commitment to directing resources towards its mission. However, the latest filing (2023) shows expenses ($193,613) exceeding revenue ($170,512), leading to a decrease in assets from $54,607 in 2022 to $32,516 in 2023. This recent deficit spending warrants attention, though the overall asset base remains positive. The consistent filing of IRS 990 forms over 12 periods indicates good transparency practices.