Quick charity verification for Faith And Hope Association Ltd (EIN: 203140008)
Verdict: Faith And Hope Association Ltd appears trustworthy
85/100Mission Score
$97KRevenue
$54KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
0% officer compensation reported across all filings, indicating efficient use of funds at the top.
Consistent filing of IRS Form 990s, demonstrating transparency.
Minimal liabilities ($951 in 2023, $1,865 in 2022, $0 in 2021 and 2020) indicating sound financial management.
Stable asset base relative to its operational size, with assets of $53,572 in the latest period.
Spending Breakdown
How Faith And Hope Association Ltd 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 Faith And Hope Association Ltd
Is Faith And Hope Association Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith And Hope Association Ltd (EIN: 203140008) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Faith And Hope Association Ltd a good charity to donate to?
Faith And Hope Association Ltd has a Mission Score of 85/100. Revenue: $97K. Assets: $54K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Faith And Hope Association Ltd?
The Employer Identification Number (EIN) for Faith And Hope Association Ltd is 203140008. 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 Faith And Hope Association Ltd spend its money?
Faith And Hope Association Ltd allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Faith And Hope Association Ltd's tax-exempt status?
You can verify Faith And Hope Association Ltd's tax-exempt status using EIN 203140008 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
Faith And Hope Association Ltd demonstrates consistent, albeit modest, financial activity over the past four years. The organization's revenue has fluctuated, peaking at $139,153 in 2020 and most recently reported at $49,752 in 2023. Expenses have generally tracked revenue, with the organization operating at a slight deficit in 2021 and 2022, but showing a small surplus in 2020 and 2023. Total assets have remained relatively stable, hovering around the $44,000-$46,000 range, with a slight increase to $53,572 in the latest period. The organization's liabilities have been minimal, indicating a healthy balance sheet. A significant positive is the reported 0% officer compensation across all filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially indicating a high dedication to mission over personal gain.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent operation within its revenue means the organization is not overspending its means. The absence of officer compensation is a strong indicator of efficient use of funds at the top level. Transparency is good given the consistent filing of IRS Form 990s, which allows for public scrutiny of its financial activities. The NTEE code N67 (Religious Activities, n.e.c.) suggests a focus on religious programs, and the financial data supports an organization operating within its stated purpose without excessive overhead.
Overall, Faith And Hope Association Ltd appears to be a financially stable, small-scale nonprofit. Its consistent filing and lack of officer compensation are positive indicators of transparency and dedication. While its revenue is modest, it manages its expenses effectively, maintaining a healthy asset base relative to its operational size. Further detailed expense breakdowns would enhance the assessment of its spending efficiency.