Quick charity verification for Project Hope Of Marion County Inc (EIN: 208657795)
Verdict: Project Hope Of Marion County Inc appears trustworthy
85/100Mission Score
$1.4MRevenue
$2.4MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported across all filings, which is unusual for an organization of this size and may indicate a lack of transparency in reporting executive pay.
Strengths
Consistent revenue growth, increasing from $260,319 in 2015 to $912,560 in 2023.
Strong asset growth, with assets increasing from $1,365,923 in 2015 to $1,843,657 in 2023.
Significant reduction in liabilities, from $1,140,061 in 2015 to $107,295 in 2023, indicating improved financial stability.
Expenses consistently lower than revenue in recent years, demonstrating efficient financial management and surplus generation (e.g., 2023 revenue $912,560 vs. expenses $687,258).
Spending Breakdown
How Project Hope Of Marion County 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 Project Hope Of Marion County Inc
Is Project Hope Of Marion County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Hope Of Marion County Inc (EIN: 208657795) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Project Hope Of Marion County Inc a good charity to donate to?
Project Hope Of Marion County Inc has a Mission Score of 85/100. Revenue: $1.4M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Hope Of Marion County Inc?
The Employer Identification Number (EIN) for Project Hope Of Marion County Inc is 208657795. 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 Project Hope Of Marion County Inc spend its money?
Project Hope Of Marion County Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Hope Of Marion County Inc's tax-exempt status?
You can verify Project Hope Of Marion County Inc's tax-exempt status using EIN 208657795 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
Project Hope Of Marion County Inc demonstrates a consistent pattern of growth in revenue and assets over the past several years, indicating a stable and expanding financial base. In the latest filing (202306), the organization reported revenue of $912,560 against expenses of $687,258, resulting in a surplus that contributes to asset growth. The organization's assets have steadily increased from $1,445,472 in 2020 to $1,843,657 in 2023, suggesting effective financial management and accumulation of resources.
The organization's spending efficiency appears strong, with expenses consistently lower than revenue in recent years, allowing for reinvestment and growth. A notable aspect is the reported 0% officer compensation across all available filings, which suggests a volunteer-driven leadership or that compensation is not reported in this specific field, warranting further investigation for complete transparency. The consistent growth in assets and revenue, coupled with a low liability ratio in recent years (e.g., $107,295 in liabilities against $1,843,657 in assets in 2023), points to a healthy financial position and responsible stewardship of funds.