Quick charity verification for Homes Of Hope Inc (EIN: 10772839)
Verdict: Homes Of Hope Inc appears trustworthy
90/100Mission Score
$114KRevenue
$80KAssets
1Red Flags
4Strengths
Red Flags
Relatively small asset base compared to annual revenue, indicating limited financial reserves.
Strengths
Consistent reporting of 0% officer compensation, demonstrating strong commitment to mission spending.
Revenue consistently exceeding expenses in recent years (e.g., 2023 revenue $177,246 vs. expenses $144,488), indicating operational efficiency.
Positive trend in asset growth over the last few years, from $30,579 in 2020 to $74,328 in 2023.
Regular and extensive IRS 990 filing history (13 filings), indicating good transparency.
Spending Breakdown
How Homes Of Hope 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 Homes Of Hope Inc
Is Homes Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homes Of Hope Inc (EIN: 10772839) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Homes Of Hope Inc a good charity to donate to?
Homes Of Hope Inc has a Mission Score of 90/100. Revenue: $114K. Assets: $80K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homes Of Hope Inc?
The Employer Identification Number (EIN) for Homes Of Hope Inc is 10772839. 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 Homes Of Hope Inc spend its money?
Homes Of Hope Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homes Of Hope Inc's tax-exempt status?
You can verify Homes Of Hope Inc's tax-exempt status using EIN 10772839 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
Homes Of Hope Inc demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating operational stability. For example, in 2023, revenue was $177,246 against expenses of $144,488. The organization's assets have shown growth, increasing from $38,601 in 2021 to $74,328 in 2023, suggesting a strengthening financial position. However, the relatively small asset base compared to annual revenue indicates a lean operational model with limited reserves. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice, combined with regular IRS 990 filings, suggests a high level of financial transparency.