Is Women Of My Hope Inc Legit?

Women Of My Hope Inc demonstrates a generally stable financial history, operating with revenues typically in the range of $150,000 to $200,000, though with a notable spike in revenue to $481,054 in 2021. The organization has shown periods of both surplus and deficit spending, with expenses exceeding revenue in several years, such as 2022 where expenses were $288,599 against revenues of $245,290, and 2017 where expenses were $163,339 against revenues of $140,479. This indicates a need for careful management of operational costs relative to incoming funds. The organization's asset base has fluctuated, reaching a high of $443,140 in 2021 before decreasing to $392,903 in 2022. Liabilities have generally remained low, often at zero, which is a positive indicator of financial stability. A significant strength is the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be viewed favorably for donor confidence. While the provided data doesn't offer a detailed breakdown of program, administrative, and fundraising expenses, the consistent lack of officer compensation points to a potential focus on directing funds towards the mission. However, without a detailed functional expense statement, it's challenging to fully assess spending efficiency. The organization's consistent filing of IRS Form 990s over many years demonstrates a commitment to regulatory compliance and basic financial transparency.