Declining asset base from $118,051 in 2021 to $88,335 in 2022
Fluctuating revenue and expense figures year-over-year, indicating potential instability
Strengths
Consistent 0% officer compensation across all filings, indicating volunteer leadership
Long history of IRS 990 filings (11 filings), demonstrating transparency and compliance
Strong program focus implied by the lack of executive compensation
Spending Breakdown
How Hands Of Hope Ministries Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Hands Of Hope Ministries Inc
Is Hands Of Hope Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hands Of Hope Ministries Inc (EIN: 10621770) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Hands Of Hope Ministries Inc a good charity to donate to?
Hands Of Hope Ministries Inc has a Mission Score of 75/100. Revenue: $109K. Assets: $88K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hands Of Hope Ministries Inc?
The Employer Identification Number (EIN) for Hands Of Hope Ministries Inc is 10621770. 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 Hands Of Hope Ministries Inc spend its money?
Hands Of Hope Ministries Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hands Of Hope Ministries Inc's tax-exempt status?
You can verify Hands Of Hope Ministries Inc's tax-exempt status using EIN 10621770 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
Hands Of Hope Ministries Inc demonstrates a fluctuating financial history, with recent trends showing expenses exceeding revenue. In 2022, the organization reported expenses of $135,574 against revenues of $107,510, resulting in a deficit. This follows a surplus in 2021 where revenue was $232,980 and expenses were $188,120. The organization's assets have also seen a decline from $118,051 in 2021 to $88,335 in 2022, indicating a potential draw on reserves or a decrease in asset value.
The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission rather than executive salaries. However, without detailed expense breakdowns from the 990 filings, it's challenging to fully assess spending efficiency beyond the overall revenue-expense relationship. The consistent filing of 990s over many years suggests a commitment to regulatory transparency.
While the lack of executive compensation is positive, the recent financial deficits and declining assets warrant closer monitoring. A deeper dive into the program service accomplishments and detailed expense categories would be necessary to fully evaluate the impact and efficiency of their spending.