Is Life Of Hope Legit?

Quick charity verification for Life Of Hope (EIN: 205252137)

Verdict: Life Of Hope appears trustworthy

75/100Mission Score
$4.7MRevenue
$4.3MAssets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Life Of Hope 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 Life Of Hope

Is Life Of Hope a legitimate charity?

Based on AI analysis of IRS 990 filings, Life Of Hope (EIN: 205252137) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Life Of Hope a good charity to donate to?

Life Of Hope has a Mission Score of 75/100. Revenue: $4.7M. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Life Of Hope?

The Employer Identification Number (EIN) for Life Of Hope is 205252137. 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 Life Of Hope spend its money?

Life Of Hope allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Life Of Hope's tax-exempt status?

You can verify Life Of Hope's tax-exempt status using EIN 205252137 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

Life Of Hope demonstrates a fluctuating financial trajectory over its filing history. While the latest reported revenue is $4,663,195, the individual filings show much smaller figures, with the most recent 202306 period reporting revenue of $527,060 and expenses of $581,109, indicating a deficit for that year. The organization's assets have grown significantly from $377 in 2018 to $124,191 in 2023, though this is still modest compared to the latest reported revenue figure. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator for donor confidence. However, the discrepancy between the 'Latest Revenue' provided and the individual filing revenues warrants further investigation to fully understand the organization's current financial scale and health. The spending efficiency appears to be a mixed bag. In some periods, like 202206, revenue ($530,232) significantly exceeded expenses ($378,888), allowing for asset growth. However, the 202306 period shows expenses exceeding revenue, which, if sustained, could impact long-term stability. The absence of reported officer compensation is a strong point for efficiency. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency across categories is challenging. However, the overall trend of expenses generally tracking revenue, with some periods of surplus and some deficit, suggests a need for careful financial management. Transparency is generally good given the consistent filing of IRS Form 990s. The zero officer compensation reported across all filings is a clear and positive transparency point. However, the significant difference between the 'Latest Revenue' of $4,663,195 and the highest individual filing revenue of $530,232 (202206) raises a question about the source and nature of this larger revenue figure, which could impact the overall assessment of financial health and transparency if not clearly explained in the full 990 forms. Further detail on expense allocation would enhance transparency regarding how funds are utilized.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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