Quick charity verification for Living Hope Foundation Inc (EIN: 10791302)
Verdict: Living Hope Foundation Inc shows mixed signals
55/100Mission Score
$70KRevenue
$33KAssets
3Red Flags
2Strengths
Red Flags
Consistent historical operational deficits (expenses exceeded revenue in both 2011 and 2012 filings).
High liabilities ($76,388) relative to current assets ($33,181).
Limited financial detail available to assess specific spending efficiency (program vs. admin vs. fundraising).
Strengths
Positive trend in asset growth from $2,437 in 2012 to $33,181 currently.
No reported officer compensation, potentially indicating efficient use of funds for leadership or volunteer-led operations.
Spending Breakdown
How Living Hope Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Living Hope Foundation Inc
Is Living Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Living Hope Foundation Inc (EIN: 10791302) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Living Hope Foundation Inc a good charity to donate to?
Living Hope Foundation Inc has a Mission Score of 55/100. Revenue: $70K. Assets: $33K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Living Hope Foundation Inc?
The Employer Identification Number (EIN) for Living Hope Foundation Inc is 10791302. 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 Living Hope Foundation Inc spend its money?
Living Hope Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Living Hope Foundation Inc's tax-exempt status?
You can verify Living Hope Foundation Inc's tax-exempt status using EIN 10791302 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
Living Hope Foundation Inc. appears to be a small nonprofit with fluctuating financial health. In 2012, the organization reported revenue of $46,605 against expenses of $48,405, indicating a slight deficit. This follows a more significant deficit in 2011, where expenses of $99,719 far outstripped revenue of $70,170. The organization's assets have grown from $2,437 in 2012 to $33,181 currently, which is a positive trend, but it still carries substantial liabilities of $76,388 in both reported periods, suggesting a significant debt burden relative to its size and assets. The lack of reported officer compensation in both filings suggests either a volunteer-led organization or that compensation falls below reporting thresholds, which can be a sign of efficiency or a lack of transparency regarding leadership costs if compensation is indeed provided through other means.
Given the available data, it's challenging to fully assess spending efficiency without a detailed breakdown of expenses into program, administrative, and fundraising categories. However, the consistent operational deficits in the reported periods raise concerns about long-term financial sustainability. The organization's transparency is moderate; while it files its 990s, the limited detail in the provided summary makes a deep dive difficult. The NTEE code P70 (Housing, Shelter) suggests a focus on a critical area, but the financial instability could hinder its ability to consistently deliver on its mission.
Overall, Living Hope Foundation Inc. shows some positive signs in asset growth but is burdened by significant liabilities and has historically operated at a deficit. More detailed financial information would be needed to fully evaluate its spending efficiency and the impact of its programs.