Quick charity verification for Home Of Hope International Inc (EIN: 200966471)
Verdict: Home Of Hope International Inc appears trustworthy
75/100Mission Score
$624KRevenue
$113KAssets
3Red Flags
3Strengths
Red Flags
Inconsistent financial performance with significant revenue fluctuations, including $0 revenue in 2020.
Expenses exceeded revenue in multiple periods (e.g., 2022: $1,083,078 expenses vs. $946,421 revenue; 2019: $621,365 expenses vs. $611,486 revenue), indicating deficit spending.
Assets decreased significantly from $397,867 in 2021 to $216,418 in 2022, potentially due to deficit spending.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating a strong commitment to directing funds to programs.
Significant revenue growth over the past decade, from $41,129 in 2014 to $946,421 in 2022 (excluding 2020).
Consistently reports $0 liabilities, indicating a healthy balance sheet free of debt.
Spending Breakdown
How Home Of Hope International 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 Home Of Hope International Inc
Is Home Of Hope International Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Of Hope International Inc (EIN: 200966471) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Home Of Hope International Inc a good charity to donate to?
Home Of Hope International Inc has a Mission Score of 75/100. Revenue: $624K. Assets: $113K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Home Of Hope International Inc?
The Employer Identification Number (EIN) for Home Of Hope International Inc is 200966471. 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 Home Of Hope International Inc spend its money?
Home Of Hope International Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Home Of Hope International Inc's tax-exempt status?
You can verify Home Of Hope International Inc's tax-exempt status using EIN 200966471 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
Home Of Hope International Inc demonstrates a mixed financial picture. While the organization has shown significant revenue growth over the past decade, peaking at $946,421 in 2022, it also reported expenses exceeding revenue in several periods, notably in 2022 where expenses were $1,083,078 against revenues of $946,421. This indicates a deficit spending trend in some years, which could impact long-term sustainability if not managed. The organization consistently reports zero liabilities and zero officer compensation, which are positive indicators of financial stability and a commitment to directing funds towards its mission rather than executive salaries.
The organization's assets have fluctuated, reaching a high of $397,867 in 2021 before dropping to $216,418 in 2022. The absence of officer compensation across all reported periods is a strong point for transparency and efficiency, suggesting that leadership is either volunteer-based or compensated through other means not reported as officer compensation on the 990. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency beyond the lack of executive pay. The significant revenue volatility, including a year with zero reported revenue and expenses (2020), warrants further investigation to understand the underlying operational stability.
Overall, Home Of Hope International Inc appears to be a lean organization with a focus on its mission, as evidenced by the lack of executive compensation. However, the inconsistent financial performance, particularly the deficit spending in recent years and the unexplained zero activity in 2020, suggests potential operational challenges or reporting inconsistencies that could impact its long-term financial health and transparency. Further details on program spending versus administrative and fundraising costs would provide a clearer picture of its efficiency.