Quick charity verification for Community Of Hope Ministries (EIN: 202004572)
Verdict: Community Of Hope Ministries appears trustworthy
92/100Mission Score
$719KRevenue
$787KAssets
1Red Flags
5Strengths
Red Flags
No reported officer compensation could indicate under-reporting or a highly unusual volunteer-only executive structure for an organization of this size, which might not be sustainable long-term.
Strengths
Consistent revenue growth from $218,520 in 2014 to $606,661 in 2023.
Healthy asset growth from $203,697 in 2014 to $759,099 in 2023.
No reported officer compensation across all 13 filings, indicating high efficiency in leadership costs.
Consistent operational surpluses, with revenue exceeding expenses in every reported period.
Low liabilities relative to assets, indicating strong financial stability (e.g., $6,264 liabilities vs. $759,099 assets in 2023).
Spending Breakdown
How Community Of Hope Ministries 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 Community Of Hope Ministries
Is Community Of Hope Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Of Hope Ministries (EIN: 202004572) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Community Of Hope Ministries a good charity to donate to?
Community Of Hope Ministries has a Mission Score of 92/100. Revenue: $719K. Assets: $787K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Community Of Hope Ministries?
The Employer Identification Number (EIN) for Community Of Hope Ministries is 202004572. 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 Community Of Hope Ministries spend its money?
Community Of Hope Ministries allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Community Of Hope Ministries's tax-exempt status?
You can verify Community Of Hope Ministries's tax-exempt status using EIN 202004572 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
Community Of Hope Ministries demonstrates consistent financial growth and strong program focus based on its IRS 990 filings. Over the past decade, the organization has seen its revenue grow from $218,520 in 2014 to $606,661 in 2023, indicating increasing support and operational capacity. The organization consistently operates with a surplus, as evidenced by its revenue exceeding expenses in all reported periods, contributing to a healthy growth in assets from $203,697 to $759,099 over the same timeframe. This financial stability suggests effective management of resources.
The organization's spending efficiency appears robust, with a significant portion of its expenses directed towards program services. The absence of reported officer compensation across all filings is a notable indicator of fiscal prudence and a volunteer-driven leadership model, which can free up more funds for direct charitable activities. This commitment to minimizing administrative overhead, combined with a clear trend of asset accumulation, positions Community Of Hope Ministries as a financially sound and efficient nonprofit.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods provides a comprehensive public record of its financial activities. The detailed breakdown of revenue, expenses, assets, and liabilities in each filing allows for thorough public scrutiny. The lack of reported officer compensation also simplifies the analysis of executive remuneration, contributing to a high degree of transparency regarding how donor funds are utilized.