Abiding Hope Inc
EIN: 301166558 · Mars Hill, NC · NTEE: E12
Is Abiding Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Abiding Hope Inc
Abiding Hope Inc (EIN: 301166558) is a nonprofit organization based in Mars Hill, NC, classified under NTEE code E12. The organization reported total revenue of $261K and total assets of $377K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abiding Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abiding Hope Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $153K |
| Surplus / Deficit | +$19K |
| Total Assets | $303K |
| Net Assets | $303K |
| Operating Margin | 11.1% |
| Months of Reserves | 23.7 months |
Financial Health Grade: A
In 2023, Abiding Hope Inc reported a surplus of $19K with revenue exceeding expenses, holds 23.7 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Abiding Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.3% | +29.9% | +6.4% |
| 2022 | +67.1% | +12.1% | +76.1% |
| 2021 | +25.8% | -0.6% | +32.3% |
| 2020 | -25.1% | +56.1% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Abiding Hope Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abiding Hope Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
Frequently Asked Questions about Abiding Hope Inc
Is Abiding Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abiding Hope Inc (EIN: 301166558) insufficient data. 0 red flags identified, 0 strengths noted.
How does Abiding Hope Inc spend its money?
Detailed spending breakdown data is not yet available for Abiding Hope Inc. Check back for updated IRS 990 analysis.
Are donations to Abiding Hope Inc tax-deductible?
Abiding Hope Inc is registered as a tax-exempt nonprofit (EIN: 301166558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Abiding Hope Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Abiding Hope Inc's revenue has grown by 13%, moving from $153K to $173K. Total assets increased by 165.9% over the same period, from $114K to $303K. Total functional expenses rose by 125.8%, from $68K to $153K. In its most recent filing year (2023), Abiding Hope Inc reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $153K | $303K | $0 | — | View 990 |
| 2022 | $241K | $118K | $285K | $0 | — | View 990 |
| 2021 | $144K | $105K | $162K | $0 | — | View 990 |
| 2020 | $114K | $106K | $122K | $0 | — | — |
| 2019 | $153K | $68K | $114K | $327 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $153K, and assets of $303K (revenue -28.3% year-over-year).
- 2022: Revenue of $241K, expenses of $118K, and assets of $285K (revenue +67.1% year-over-year).
- 2021: Revenue of $144K, expenses of $105K, and assets of $162K (revenue +25.8% year-over-year).
- 2020: Revenue of $114K, expenses of $106K, and assets of $122K (revenue -25.1% year-over-year).
- 2019: Revenue of $153K, expenses of $68K, and assets of $114K.
Data Sources and Methodology
This transparency report for Abiding Hope Inc 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.