Quick charity verification for New Hope Correctional Ministry (EIN: 205721504)
Verdict: New Hope Correctional Ministry appears trustworthy
88/100Mission Score
$353KRevenue
$448KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest fiscal year (2023), leading to a decrease in assets from $442,545 to $412,311.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in resource allocation.
Strong historical asset growth, from $172,027 in 2015 to $448,159 currently, demonstrating financial stability.
Very low liabilities reported across all periods, indicating minimal debt and sound financial management.
Consistent IRS 990 filing history over 13 periods, demonstrating transparency and compliance.
Spending Breakdown
How New Hope Correctional Ministry 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 New Hope Correctional Ministry
Is New Hope Correctional Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Correctional Ministry (EIN: 205721504) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is New Hope Correctional Ministry a good charity to donate to?
New Hope Correctional Ministry has a Mission Score of 88/100. Revenue: $353K. Assets: $448K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hope Correctional Ministry?
The Employer Identification Number (EIN) for New Hope Correctional Ministry is 205721504. 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 New Hope Correctional Ministry spend its money?
New Hope Correctional Ministry allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hope Correctional Ministry's tax-exempt status?
You can verify New Hope Correctional Ministry's tax-exempt status using EIN 205721504 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
New Hope Correctional Ministry demonstrates consistent financial activity, with revenues generally exceeding expenses in most recent years, contributing to a steady growth in assets. For instance, in 2022, revenue was $266,659 against expenses of $242,455, leading to an increase in assets to $442,545. However, the latest filing for 2023 shows expenses ($275,336) exceeding revenue ($239,484), resulting in a slight decrease in assets. The organization maintains a very low liability profile, indicating sound financial management and minimal debt burden.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that resources are primarily directed towards operational costs and program delivery rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator of efficiency. The consistent asset growth over the years, from $172,027 in 2015 to $448,159 currently, further supports a picture of responsible financial stewardship.
Transparency is high regarding executive compensation, as the 0% reported officer compensation is a clear and positive signal. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to regulatory compliance and public disclosure. The organization's financial health appears stable, though the recent dip in net assets in 2023 warrants monitoring to ensure it's an anomaly rather than a trend.