Quick charity verification for Future And Hope Inc (EIN: 204705409)
Verdict: Future And Hope Inc appears trustworthy
92/100Mission Score
$276KRevenue
$1.9MAssets
1Red Flags
5Strengths
Red Flags
0% officer compensation reported across all filings, which is unusual for an organization of this size and could indicate compensation is reported in other categories or a fully volunteer executive team, warranting further clarification.
Strengths
Strong and consistently growing asset base, reaching $1,936,384 in 2023.
Zero reported liabilities across all 13 filings, indicating excellent financial stability.
Consistent history of expenses being significantly lower than revenue, allowing for asset growth.
13 years of consistent IRS 990 filings, demonstrating strong transparency and compliance.
Reported 0% officer compensation, suggesting a high dedication to mission and efficient use of funds.
Spending Breakdown
How Future And Hope 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 Future And Hope Inc
Is Future And Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Future And Hope Inc (EIN: 204705409) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Future And Hope Inc a good charity to donate to?
Future And Hope Inc has a Mission Score of 92/100. Revenue: $276K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Future And Hope Inc?
The Employer Identification Number (EIN) for Future And Hope Inc is 204705409. 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 Future And Hope Inc spend its money?
Future And Hope Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Future And Hope Inc's tax-exempt status?
You can verify Future And Hope Inc's tax-exempt status using EIN 204705409 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
Future And Hope Inc demonstrates consistent financial health with a strong and growing asset base, reaching $1,936,384 in 2023. The organization has consistently reported zero liabilities across all available filings, indicating excellent financial stability and no reliance on debt. Revenue has fluctuated but generally shows a positive trend, with the latest reported revenue at $406,577 in 2023. Spending efficiency appears strong, as evidenced by the significant difference between revenue and expenses in most years, allowing for asset growth. For instance, in 2022, expenses were $131,970 against revenues of $273,943. The organization's transparency is commendable, particularly with 0% officer compensation reported across all filings, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor trust. The consistent filing of IRS Form 990s over 13 periods further enhances its transparency.