Quick charity verification for Well Of Hope Foundation (EIN: 208086100)
Verdict: Well Of Hope Foundation has notable concerns
20/100Mission Score
$0Revenue
$0Assets
3Red Flags
2Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, indicating dormancy or cessation.
Liabilities consistently exceeded assets in active years (e.g., $10,505 liabilities vs. $5,824 assets in 2011), suggesting financial instability.
Limited financial history with only two filings, making long-term assessment difficult.
Strengths
No officer compensation reported, suggesting volunteer leadership.
Expenses were lower than revenue in its most active year (2011: $9,416 expenses vs. $14,067 revenue).
Spending Breakdown
How Well Of Hope Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Well Of Hope Foundation
Is Well Of Hope Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Well Of Hope Foundation (EIN: 208086100) has notable concerns. Mission Score: 20/100. 3 red flags identified, 2 strengths noted.
Is Well Of Hope Foundation a good charity to donate to?
Well Of Hope Foundation has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Well Of Hope Foundation?
The Employer Identification Number (EIN) for Well Of Hope Foundation is 208086100. 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 Well Of Hope Foundation spend its money?
Well Of Hope Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Well Of Hope Foundation's tax-exempt status?
You can verify Well Of Hope Foundation's tax-exempt status using EIN 208086100 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
The Well Of Hope Foundation appears to be a very small, nascent organization that has ceased operations or is in the process of winding down. Its latest filing shows $0 in both revenue and assets, indicating no financial activity. In its most active period (2011), it generated $14,067 in revenue and incurred $9,416 in expenses, with modest assets of $5,824. However, it consistently reported liabilities exceeding its assets, suggesting potential financial instability even in its operational years. The lack of recent financial activity and zero assets raises significant concerns about its current viability and impact.
The organization's spending efficiency is difficult to assess definitively given its minimal financial footprint. Based on the 2011 data, expenses were lower than revenue, which is positive, but the overall scale is extremely small. The absence of officer compensation in both reported periods suggests that leadership was likely unpaid volunteers, which can be a sign of dedication, but also common for very small, early-stage nonprofits. Transparency is limited by the lack of recent financial data, as the latest filing provides no operational details.