A Place Called Hope

A Place Called Hope consistently operates with high liabilities relative to assets despite over $1M in annual revenue.

EIN: 204199833 · Gig Harbor, WA · NTEE: P32 · Updated: 2026-03-28

$1.2MRevenue

$122KAssets

70/100Mission Score (Good)

P32

About A Place Called Hope

A Place Called Hope (EIN: 204199833) is a nonprofit organization based in Gig Harbor, WA, classified under NTEE code P32. The organization reported total revenue of $1.2M and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of A Place Called Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

A Place Called Hope demonstrates consistent operational activity with revenues generally exceeding $1 million annually. However, the organization has consistently operated with significant liabilities, often four to five times its total assets. For example, in 2018, assets were $65,656 while liabilities stood at $478,185. This indicates a reliance on debt or deferred revenue, which could pose long-term financial stability concerns if not managed effectively. The organization's transparency is bolstered by its consistent filing of IRS Form 990s over nine periods, and the reported 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation towards mission. 

While the exact breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the consistent reporting of 0% officer compensation suggests a strong commitment to minimizing overhead in that specific area. The organization's financial health, despite consistent revenue, is overshadowed by its high liabilities relative to assets, which warrants closer examination of its balance sheet and funding model. Without detailed expense breakdowns, it's challenging to fully assess spending efficiency beyond the executive compensation aspect.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates A Place Called Hope with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, A Place Called Hope allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive compensation below reporting thresholds, which is a positive sign for resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of A Place Called Hope's IRS 990 filings:

Consistently high liabilities relative to assets (e.g., 2018: $478,185 liabilities vs. $65,656 assets).
Persistent negative net asset position across all reported periods.
Operating expenses frequently exceed revenue (e.g., 2018: $1,166,049 expenses vs. $1,098,522 revenue; 2011: $1,419,248 expenses vs. $1,212,828 revenue).

Strengths

The following positive indicators were identified for A Place Called Hope:

Consistent filing of IRS Form 990s, indicating transparency.
Reported 0% officer compensation across all filings, suggesting efficient use of funds for executive leadership.
Maintains over $1 million in annual revenue, demonstrating consistent donor or grant support.

Frequently Asked Questions about A Place Called Hope

Is A Place Called Hope financially stable given its high liabilities?

The organization consistently reports liabilities significantly higher than its assets (e.g., $478,185 liabilities vs. $65,656 assets in 2018). This structure suggests potential financial instability or a reliance on specific funding models that carry substantial debt or deferred obligations, warranting further investigation into the nature of these liabilities.

How does A Place Called Hope manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based or that compensation falls below the IRS reporting thresholds for officers, directors, and trustees. This indicates a strong commitment to minimizing administrative overhead in this area.

What is the trend in A Place Called Hope's net assets?

Net assets (Assets - Liabilities) have been consistently negative across all reported periods. For example, in 2018, net assets were -$412,529 ($65,656 - $478,185). This persistent negative net asset position is a significant financial concern.

Filing History

IRS 990 filing history for A Place Called Hope showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2010–2018), A Place Called Hope's revenue has declined by 30%, moving from $1.6M to $1.1M. Total assets decreased by 48.8% over the same period, from $128K to $66K. Total functional expenses fell by 25%, from $1.6M to $1.2M. In its most recent filing year (2018), A Place Called Hope reported a deficit of $68K, with expenses exceeding revenue. The organization holds $478K in liabilities against $66K in assets (debt-to-asset ratio: 728.3%), resulting in net assets of $-412,529.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2018	$1.1M	$1.2M	$66K	$478K	—	View 990
2017	$1.1M	$1.1M	$135K	$480K	—	—
2016	$1.2M	$1.1M	$149K	$509K	—	View 990
2015	$955K	$976K	$87K	$499K	—	View 990
2014	$970K	$925K	$91K	$629K	—	View 990
2013	$881K	$1.0M	$91K	$629K	—	View 990
2012	$1.0M	$1.0M	$77K	$482K	—	View 990
2011	$1.2M	$1.4M	$122K	$492K	—	View 990
2010	$1.6M	$1.6M	$128K	$393K	—	View 990

Year-by-Year Financial Summary

2018: Revenue of $1.1M, expenses of $1.2M, and assets of $66K (revenue -2.6% year-over-year).
2017: Revenue of $1.1M, expenses of $1.1M, and assets of $135K (revenue -3.8% year-over-year).
2016: Revenue of $1.2M, expenses of $1.1M, and assets of $149K (revenue +22.7% year-over-year).
2015: Revenue of $955K, expenses of $976K, and assets of $87K (revenue -1.6% year-over-year).
2014: Revenue of $970K, expenses of $925K, and assets of $91K (revenue +10.1% year-over-year).
2013: Revenue of $881K, expenses of $1.0M, and assets of $91K (revenue -12.7% year-over-year).
2012: Revenue of $1.0M, expenses of $1.0M, and assets of $77K (revenue -16.8% year-over-year).
2011: Revenue of $1.2M, expenses of $1.4M, and assets of $122K (revenue -22.7% year-over-year).
2010: Revenue of $1.6M, expenses of $1.6M, and assets of $128K.

Data Sources and Methodology

This transparency report for A Place Called Hope is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.